Mill City Ventures III aims to enhance its position as the only public company with a Sui treasury after raising $450 million, despite a recent share price drop.
Mill City Ventures III plans to raise up to $500 million through an equity agreement to support its Sui treasury strategy, following a $450 million raise. The firm purchased 76.2 million SUI tokens valued at $276 million. Despite the announcement, shares fell 11.4% to $4.91, though they remain up 165% since July 24.