Mill City Ventures Secures $500M Equity Line to Bolster SUI Treasury Strategy

• Mill City secures $500M equity line to grow its SUI crypto treasury holdings.
• Sui Foundation matches Mill City’s 76M SUI token purchase for joint treasury strategy.
• Galaxy Asset Management appointed to oversee SUI treasury with institutional backing.

Mill City Ventures III, Ltd. has agreed for a $500 million equity line agreement to support the growth of its digital asset holdings, targeting the Sui Network treasury. The arrangement will enable Mill City to sell common stock at its discretion to raise capital dedicated to expanding its cryptocurrency position.

The agreement was signed with A.G.P./Alliance Global Partners, which will act as the investor under the equity line structure. According to company disclosures, Mill City can issue up to $500 million in stock subject to closing conditions and regulatory compliance. No commitment fee was involved in the transaction. Funds raised will be directed toward Mill City’s SUI treasury expansion, reflecting the company’s commitment to digital asset integration.

Direct SUI Token Acquisition and Matching Contribution

Mill City reported the purchase of 76,271,187 SUI tokens through over-the-counter transactions and in-kind contributions. The average acquisition price stood at $3.6389. The acquisition was carried out in coordination with the Sui Foundation , which also contributed a matching amount of SUI tokens. This created a jointly supported treasury initiative, with the foundation directly participating in the asset build-up.

The joint strategy is the only publicly confirmed crypto treasury plan featuring a matching contribution from a blockchain foundation. The partnership structure positions Mill City and the Sui Foundation in a collaborative financial arrangement, focused on long-term asset alignment.

Treasury Management and Institutional Oversight

Galaxy Asset Management has been appointed to oversee the treasury portfolio. The firm will manage Mill City’s SUI holdings and associated digital assets under its existing infrastructure. The structure aims to provide operational oversight and institutional controls in line with traditional financial management practices.

The program has received backing from several digital asset investment firms. Pantera Capital, Electric Capital, Big Brain Holdings, and GSR took part in the transaction. London-based hedge fund Karatage Opportunities led the placement.