Mill City Ventures Secures $500M Equity Line to Scale SUI Treasury Strategy

Mill City Ventures III, Ltd. has made a significant move in the digital asset space by securing a $500 million equity line to advance its SUI treasury strategy, positioning itself as the first publicly traded company to build a large-scale institutional SUI treasury. The firm, listed on the Nasdaq as MCVT, has raised a total of $950 million through a combination of direct capital and an equity facility. This includes a $450 million capital raise from institutional investors and the Sui Foundation, along with a $500 million equity line facilitated by Galaxy Asset Management [2]. The dual funding approach is designed to scale SUI acquisitions and potentially support future token sales under favorable terms [5].

The company’s strategy has been led by the founders of Karatage Opportunities, with Stephen Mackintosh now serving as Chief Investment Officer. Mackintosh emphasized that the equity line will provide the necessary resources to expand SUI access and scale the token’s presence through an institutional-grade framework. “This brings us one step closer to streamlining public market access to a next-generation blockchain,” he stated [4]. The Sui Foundation and Galaxy Digital have played key roles in overseeing the treasury strategy, ensuring compliance and transparency [3].

The market has responded with a 1.7% decline in SUI’s price following the announcement, indicating heightened sensitivity to institutional activity in the space. The move has drawn comparisons to MicroStrategy’s Bitcoin strategy, but with a focus on a newer blockchain asset. Analysts have noted that such concentrated strategies can influence market dynamics, particularly when backed by institutional capital and long-term vision [6].

Mill City’s approach reflects a broader trend of institutional players entering the blockchain space with tailored asset strategies. The firm’s aggressive capital mobilization highlights a shift toward institutional-grade digital asset management, potentially reshaping market sentiment and encouraging further SUI adoption. However, the success of this treasury will ultimately depend on execution and evolving market conditions [1].

The company’s strategy also introduces new liquidity dimensions for the SUI token, affecting both retail and institutional investors. By creating a publicly accessible institutional-grade wrapper for SUI, the firm aims to bridge traditional financial infrastructure with emerging blockchain technologies. This move could accelerate broader adoption and increase the token’s utility in public markets [7].

The $950 million raised by Mill City Ventures represents one of the most aggressive institutional bets on a single blockchain asset to date. With continued support from key stakeholders and a structured capital plan, the firm is well-positioned to influence the trajectory of SUI in the evolving digital asset landscape.

Source:

[1] https://www.businesswire.com/news/home/20250731925116/en/Mill-City-Ventures-Successfully-Closes-%24450-Million-Private-Placement-Commences-SUI-Treasury-Strategy

[2] https://blockchainreporter.net/mill-city-ventures-secures-500m-equity-line-to-bolster-sui-treasury-strategy/

[3] https://coincentral.com/mill-city-ventures-launches-450m-sui-treasury-backed-by-sui-foundation-and-galaxy-digital/

[4] https://thecurrencyanalytics.com/altcoins/mill-city-ventures-leads-institutional-push-with-massive-sui-acquisition-188327

[5] https://csimarket.com/news/mill-city-ventures-a-bold-move-into-the-future-with-500-million-equity-line2025-08-01160619

[6] https://www.ainvest.com/news/mill-city-secures-500m-equity-line-expand-sui-treasury-strategy-2508/

[7] https://coinstats.app/news/ccfab3de21f26a96c74c04875e04af53db3a2ff1f43d022a522b0a927876a5e4_SUI-Investment%3A-Mill-City-Ventures%E2%80%99-Audacious-%24500M-Bet-Unveiled/