Mill City Ventures Bets Big on SUI—You Won’t Believe What Happened Next! 😮

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  • Mill City, it seems, has purchased a mountainous heap of SUI following some modest $450M arrangements. The neighbors are whispering.
  • This audacious venture is, of course, cheered on by the likes of top funds, the Sui Foundation, and gentlemen with expressions of deep seriousness.
  • Oh, innovation again! This time in the hidden corridors of crypto treasury (as if we didn’t have enough excitement at supper).

Perhaps you woke up this morning expecting the usual, but—no, not today. Today, Mill City Ventures has thrown stones into the calm waters of crypto: they lined their pockets with $450 million in private placement (slightly more than your uncle’s poker winnings), then straightaway snaffled up 76.3 million SUI. One can already hear accountants fainting all across NASDAQ (MCVT, if you collect such tickers). These tokens now sit in one of the largest treasuries ever seen outside of a Dostoevskian fever dream.

The operation had the well-oiled chill of a London hedge fund—Karatage Opportunities, that is, with the Sui Foundation lending an approving nod and a discreet cheque. The cast includes Marius Barnett, who recently took the Chairman’s chair (and, rumor has it, the biscotti jar), and Stephen Mackintosh, who graduated from “co-founder” to Chief Investment Officer—perhaps he simply wanted a longer title.

Industry Titans Pour Into SUI Play

The parade of investors could fill several samovars: Big Brain Holdings (presumably thick-headed in the best way), Galaxy Digital, Dr. Jack Kong from NLABS Fund (not to be confused with the other Jack Kong), and a chorus line of Pantera, ParaFi, and five shadowy companions. These venerables have handed Mill City’s assets to Galaxy Asset Management, which manages them with what we might hope is at least mild curiosity.

A.G.P./Alliance Global Partners served as placement agent—because every good adventure needs an agent. SUI was scooped up at $3.6389 per—by OTC deal and “direct donations” (a phrase as clear as the Volga in spring). Now, with 76.2 million SUI snug in the vault, one expects the janitor to sleep lightly.

The treasury, like a hearty bowl of borscht, is available to everyone—the retail, the institutions, the curious pelican, all can dip in. Mill City, not yet sated, plans to scour the open market for second helpings of SUI. Everyone’s invited, though the dress code remains unstated.

Mike Novogratz (he of the Galaxy Digital persuasion) chimed in to call Mill City’s approach a beacon of transparency and “institutional quality,” which, if nothing else, sounds impressive over dinner. SUI, in this retelling, is a game-changer for staid old finance, now dusted off and sporting digital badges.

Backing the Next Wave of Blockchain Adoption

Sui—born(!) from the mind-forging engineers of the Meta Diem project—boasts scalability, security, and more speed than your neighbor’s rumor-mill. Like a self-respecting stage, its network brims with DeFi, decentralized games, and, for dramatic flair, Artificial Intelligence.

Institutional money is supposedly sweeping into SUI fast enough to make a banker’s monocle fog up. Adeniyi Abiodun of Mysten Labs, defending Sui’s honor and direction, asserts that Mill City’s treasury forebodes nothing but golden tomorrows 🏦🚀.

A staggering 98% of Mill City’s new riches is devoted to treasury and SUI—for those keeping score at home: that’s “almost all of it.” The goal, they say, is to form the world’s most ostentatious, publicly-owned, institutionally-run SUI treasury (for the discerning collector of treasuries).

Stephen Mackintosh, perhaps aware of the suspicion such piles of tokens might arouse in a landowner, insists this is all about partnership, long-term vision, and not, as some might tell their grandmothers, mere possession. 🤝

So, Mill City continues its foray into short-term lending, SUI always at the fore. One imagines updates will come as regularly and mysteriously as Russian trains at midnight.

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2025-08-02 12:05