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U.S. publicly traded company Mill City has completed a $450 million private fundraising round and established the SUI Treasury, holding approximately 76 million SUI tokens.
BlockBeats News, August 1st, according to TheBlock, the U.S. publicly traded company Mill City Ventures has officially established its SUI Token Reserve after completing a $450 million private placement financing. It currently holds a total of 76,271,187 SUI tokens, with an average purchase price of $3.6389 per token, all acquired through an OTC agreement with the Sui Foundation. Mill City has stated that it will continue to buy SUI on the open market and plans to use approximately 98% of the net proceeds from the private placement to purchase SUI tokens and manage the reserve.
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