Mill City Ventures Acquires an Additional $20 Million in SUI Tokens
According to ChainCatcher, citing The Block, Nasdaq-listed company Mill City Ventures purchased 5.6 million SUI tokens at a discounted average price of $3.65 each from the SUI Foundation, with the total transaction exceeding $20 million.
Mill City currently holds nearly 81.9 million SUI tokens and plans to generate returns by staking SUI. The company previously raised $450 million through private placement and has secured an additional purchase quota of up to $500 million, allowing for dynamic increases in its SUI holdings, including acquisitions from the foundation, secondary markets, and other investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CryptoQuant: Whales have deposited approximately $7.5 billion worth of BTC to a certain exchange in the past month


Today, BTC options with a notional value of $13 billion expire, with the max pain point at $98,000.
CME Group: BrokerTec EU market is now open for trading, all other markets remain suspended
