Mill City Ventures III May Expand $500M Equity Line to Boost SUI Treasury Amid Share Price Volatility

Key Points

1. Mill City Ventures III announced a $500 million equity line agreement to enhance its SUI treasury, which holds 76.2 million SUI tokens valued at $276 million.

2. The strategy reflects a growing trend of crypto firms diversifying treasuries beyond Bitcoin and Ether.

3. Mill City’s Chief Investment Officer, Stephen Mackintosh, stated the equity line provides capital to scale their SUI holdings efficiently.

4. Despite the announcement, Mill City’s share price fell 11.4% to $4.91 on the same day, with an additional 4.28% decline in after-hours trading.

5. The Sui network is a layer-1 blockchain designed for scalable, low-latency solutions, and its native token, SUI, is central to Mill City’s treasury strategy.