Mill City Ventures Raises $450M to Establish First Public Sui Treasury
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Description
Nasdaq-listed Mill City Ventures III has raised $450 million in a private placement as part of a strategic pivot into the cryptocurrency space, making a bold bet on the Sui blockchain. The specialty finance firm announced on Monday that it had sold 83 million shares to institutional investors, including notable names like Pantera Capital, Electric Capital, ParaFi Capital, Arrington Capital, FalconX, and others. In what the company is calling an “industry-first,” Mill City plans to allocate 98% o...
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