Mill City Stock Rallies on SUI-focused $450M Deal

A small finance company, Mill City Ventures III, which is listed on Nasdaq, has recently announced a major $450 million private placement to shift its focus from traditional to digital assets. The company intends to use 98% of its proceeds to purchase SUI tokens.

With this move, SUI will become the primary asset in Mill City’s treasury, making it the first United States-listed company to focus its treasury on a single asset, specifically SUI. By investing in SUI, the company aims to bridge the gap between traditional finance and the world of blockchain.

It is worth noting that the deal is led by Karatage Opportunities, a crypto investment firm, and is also backed by leading names such as Pantera Capital and Galaxy Digital.

Following this development, Mill City Ventures said that Karatage Opportunities co-founder Marius Barnett and Stephen Mackintosh will take key roles as chairman and chief investment officer.

According to the information, the purchase of SUI tokens will be done through open market buying and direct deals with the SUI foundation. The deal is expected to be finalized by July 31, 2025.

Mill City (NASDAQ: MCVT) stock update

According to data from TradingView, MCVT stock is trading at $5.95, with a surge of 231.84% in the past five trading sessions, and has increased by 224.59% over the past month.

In its last trading session, Mill City Ventures III stock opened at $7.74, reached as low as $5.53, and after hitting a high of $8.01, it closed at $5.94

Mill City Ventures III reported $778.26k in revenue in Q1, 2025, with a net income of $451.75k and a net margin of 58.05%, yet in the entire 2024, the revenue was $2.54 million with and net income of $1.17 million and a net margin of 45.98%.

A quick overview of the SUI token price

According to the data from CoinMarketCap, SUI is currently priced at $3.96 with a loss of 7.25% in the past 24 hours, and its market capitalization has reached $13.69 billion after facing a loss of 7.2%.

In the same frame, SUI traded highest $4.33 and traded lowest at $3.88; in the past 30 days, its lowest traded price is $2.60. It is worth noting that its all-time high is $5.35 recorded on January 06, 2025.

The prices of SUI have surged more than 41.39% in a month and have shown bullishness in a quarter, adding 12.16% to their prices. Yet only in the YTD frame, SUI is down by 3.67% and other than this, it has remained bullish, adding 428.43% in the 52-week time frame.

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