Mill City Ventures III Ltd Announces $450 Million Private Placement to Initiate Sui Treasury Strategy

Mill City Ventures III, Ltd., a financial service company listed on Nasdaq, has announced a significant private placement of $450 million to initiate a Sui Treasury strategy. This strategic move is aimed at acquiring SUI, a cryptocurrency, as the primary treasury asset. The company, which operates primarily in the United States, offers loan and short-term specialty finance solutions to private businesses, micro and small-cap public companies, and high-net-worth individuals.

The private placement is led by Karatage, a hedge fund, and the Sui Foundation, with both entities contributing equally to the investment. Other key participants in this placement include Galaxy Digital, Pantera Capital, and Electric Capital. The funds are expected to be allocated with 98% directed towards acquiring SUI, highlighting the company’s confidence in the cryptocurrency’s potential.

The announcement was made on July 28, 2025, and was covered by multiple financial news sources, including BitcoinEthereumNews.com, finance.yahoo.com, and invezz.com. The press release was issued from Wayzata, Minnesota, and was sponsored by various financial news platforms.

Following the announcement, Mill City Ventures III Ltd experienced a significant surge in its stock price, with an 111.86% increase in after-hours trading, as reported by Benzinga.com. This surge reflects the market’s positive reaction to the company’s strategic investment in SUI.

Despite the strong institutional confidence signaled by Mill City Ventures’ massive $450 million treasury commitment, the SUI price experienced a 5% decline, trading at $3.72 after a 5.07% daily drop. This decline is attributed to the ongoing battle against the strengthening US dollar, as reported by blockchain.news on July 30, 2025.

As of July 28, 2025, Mill City Ventures III Ltd’s stock closed at $6.65, with a 52-week high of $8.01 and a low of $1.13. The company’s market capitalization stands at $11,220,000, and it has a price-to-earnings ratio of 9.66.

This strategic move by Mill City Ventures III Ltd underscores the growing interest and confidence in cryptocurrencies as viable treasury assets, particularly in the face of traditional financial market volatility.