Mill City Ventures Acquires 76M SUI Tokens in $450M Landmark Deal

Mill City Ventures has completed a landmark $450 million over-the-counter transaction, acquiring 76 million SUI tokens from the Sui Foundation on July 31, 2025. The acquisition marks a strategic shift for the firm, which is now prioritizing SUI as a key component of its treasury strategy. This move underscores a growing institutional interest in layer-1 blockchain platforms and positions Mill City Ventures as a pioneering player in the digital asset space [1].

The deal was finalized through a private placement, with no direct impact on major cryptocurrencies such as ETH or BTC. SUI, known for its high-throughput and low-latency smart contract execution, is now expected to see increased institutional exposure. The Sui Foundation and key executives, including Co-founder and Chairman Marius Barnett, emphasized the significance of the transaction in strengthening SUI’s position in the market. Barnett stated, “This landmark transaction positions Mill City as a pioneering player in the realm of digital assets, with SUI at the forefront of our treasury strategy.” [1]

The acquisition is expected to enhance SUI’s liquidity and attract further investment from institutional players. By integrating SUI into its portfolio, Mill City Ventures aims to leverage the platform’s technical strengths and expand its validator network and developer tools. The strategic focus on SUI reflects a broader trend of traditional venture capital firms aligning with crypto-native projects to capture long-term value in the digital asset landscape [1].

The transaction also highlights the maturing blockchain ecosystem, where market participants are beginning to value real-world utility alongside speculative potential. The move is seen as a validation of SUI’s governance model and technical architecture, both of which have been praised for their scalability and developer-friendliness. Additionally, the deal was structured to comply with U.S. securities laws, reinforcing the importance of regulatory alignment in major crypto transactions [1].

As Mill City Ventures moves forward, the market will be closely watching how the firm leverages its new position to drive innovation and growth within the SUI ecosystem. The acquisition sets a precedent for future institutional engagement with blockchain technology and signals a new phase of institutional-grade investment in digital assets.

Source: [1]Mill City Ventures Acquires SUI in Landmark $450M Deal (https://coinmarketcap.com/community/articles/688c7ae8e208db3ef99a456d/)