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Mill City Ventures Acquires $20 Million Worth of SUI Tokens
Summary: According to The Block, NASDAQ-listed company Mill City Ventures has purchased over 5.6 million SUI tokens from the SUI Foundation at an average price of $3.65 per token, totaling over $20 million. Mill City currently holds nearly 81.9 million SUI tokens and plans to earn profits by staking SUI. The company has previously raised $450 ...
According to The Block, NASDAQ-listed company Mill City Ventures has purchased over 5.6 million SUI tokens from the SUI Foundation at an average price of $3.65 per token, totaling over $20 million.
Mill City currently holds nearly 81.9 million SUI tokens and plans to earn profits by staking SUI. The company has previously raised $450 million through private financing and has a maximum additional purchase limit of $500 million to dynamically increase its SUI holdings, including acquisitions from foundations, secondary markets, and other investors.
