Mill City Ventures III, Ltd. has launched a $450 million private placement to fund a cryptocurrency treasury strategy focused on acquiring SUI tokens, the native asset of the Sui blockchain.

This offering includes 83,025,830 shares priced at $5.42 each, with the sale expected to close by the end of July 2025.

Approximately 98% of the net proceeds from this raise will be allocated to acquiring SUI tokens, establishing them as the firm's primary treasury reserve asset.

Executives emphasize the potential of the Sui blockchain for supporting decentralized applications, aligning with institutional needs for speed and security.

Strategic partnerships with Karatage Opportunities, the Sui Foundation, Galaxy Digital, and Pantera Capital enhance the credibility of this initiative.

The investment strategy focuses on infrastructure development and support for developers, which is essential for long-term value creation in blockchain technology.

This move reflects a broader trend of integrating digital assets into structured finance, highlighting the importance of transparent resource management.

Investors can expect increased returns through staking rewards and arbitrage opportunities available on the Sui blockchain.

Mill City Ventures' approach signifies a shift in venture capital towards crypto-native strategies, particularly as regulatory clarity improves.

The Sui blockchain is gaining traction among institutional investors due to its fast, scalable transactions and capability to support advanced applications like AI and DeFi.

Mill City Ventures has a history in short-term lending and structured finance, providing capital through secured loans since its founding in 2007.

The Sui blockchain is positioned to support a variety of decentralized applications, including stablecoins and AI, which are critical to future economic infrastructure.