Mill City Ventures III, Ltd. (MCVT) secures a $450 million private investment in public equity (PIPE) through securities purchase agreements, issuing 83 million shares at $5.42 each. Leading investors include Karatage Opportunities, Sui Foundation, Galaxy Digital, Pantera Capital, and others. Proceeds will mainly go towards acquiring SUI, the native token of the Sui blockchain, positioning it as the primary treasury reserve asset. Key appointments include Marius Barnett as Chairman and Dana Wagner as an independent board director. The move signifies a shift towards a crypto treasury strategy with institutional-grade assets and daily liquidity. Monday, MCVT closed at $5.94, rising to $6.40 in after-hours trading.

Read more at Nasdaq: Mill City Raises $450 Mln In Private Placement To Acquire SUI Tokens, Appoints New Leadership