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SUI Treasury Management Company Mill City Discloses Q2 Financial Report: Holding 81.87 Million SUI Tokens Fully Pledged
Summary: SUI Treasury Management Company Mill City disclosed its second-quarter financial report, with Q2 total investment income increasing by 7% year-on-year to $948,000, and operating expenses decreasing to $316,000. The company holds a total of 81.87 million SUI tokens, all of which have been fully pledged. On August 1, Mill City Ventures III announced plans to ...
SUI Treasury Management Company Mill City disclosed its second-quarter financial report, with Q2 total investment income increasing by 7% year-on-year to $948,000, and operating expenses decreasing to $316,000. The company holds a total of 81.87 million SUI tokens, all of which have been fully pledged. On August 1, Mill City Ventures III announced plans to purchase up to $500 million worth of SUI tokens. Previously, the company had reached an equity financing agreement with A.G.P./Alliance Global Partners, allowing them to sell common stock to fund their cryptocurrency asset treasury strategy. Mill City has already invested approximately $277 million in purchasing over 76 million SUI tokens, with the transaction occurring after Mill City established itself as the SUI corporate treasury manager and completed a $450 million private placement financing.
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Link: SUI Treasury Management Company Mill City Discloses Q2 Financial Report: Holding 81.87 Million SUI Tokens Fully Pledged [Copy]
