Mill City Ventures III Announces $450 Million Funding to Launch SUI Treasury Strategy

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According to ChainCatcher, citing Businesswire, Nasdaq-listed Mill City Ventures III has announced the signing of a securities purchase agreement to raise $450 million for a SUI treasury strategy. Karatage Opportunities is the lead investor in this fundraising, with the Sui Foundation also providing funds. Other participating investors include Big Brain Holdings, Galaxy Digital Inc, Electric Capital, GSR, Selini, Protagonist, and ParaFi Capital.

It is reported that the transaction is expected to be completed around July 31, 2025, subject to customary closing conditions.

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