Nasdaq-listed company Mill City Ventures $MCVT announced that as of August 1, it has raised $450 million through PIPE financing, with equal contributions from the London hedge fund Karatage and the Sui Foundation.

Mill City Ventures has established an exclusive partnership with the Sui Foundation, gaining the authority to negotiate direct purchases of SUI, exclusive ecological intelligence, and opportunities to participate in strategic network growth plans.
As of August 10, MCVT holds a total of 81,871,794 SUI, all of which are staked, generating daily staking earnings of approximately $26,000.
Managed by Galaxy Digital $GLXY, the SUI treasury operations, implementing institutional-level liquidity and staking strategies.
Mill City Ventures aims to become the largest publicly listed holder of SUI in the world by increasing the "SUI-per-share".
According to the financial report, Mill City Ventures had total investment income of $948,000 in the second quarter of 2025, a year-on-year increase of 7%; total operating expenses were $316,000, a year-on-year decrease.
As of August 15, Mill City Ventures (MCVT) stock price is $7.1, market capitalization is $582 million, and the adjusted net asset value is (mNAV)1.92.