Mill City Ventures III Limited Unveils a $450 Million Private Funding Venture for Launching the Sui Treasury Strategy
Mill City Ventures III, Ltd. has announced a significant shift in its corporate treasury strategy, allocating approximately 98% of its holdings to SUI, the native token of the Sui blockchain. This move is funded by a $450 million private placement led by Karatage Opportunities, with direct agreements with the Sui Foundation to acquire SUI tokens both via the open market and private deals. The remaining 2% of the funds will support Mill City’s existing short-term lending business.
This transformation positions Mill City as one of the first publicly traded U.S. firms to adopt such a large-scale, blockchain-focused treasury approach. The strategy ties Mill City’s financial performance closely to the Sui blockchain ecosystem, which is designed for high-throughput applications such as payments, gaming, and AI infrastructure.
Benefits of the Sui Foundation Partnership
The partnership with the Sui Foundation provides Mill City with several advantages:
- Direct token acquisition agreements, offering preferential or structured access to SUI tokens beyond open market purchases.
- Shared insight and strategic collaboration within the Sui ecosystem, enabling Mill City to better align its treasury management with the blockchain’s developments and future prospects.
- An institutional-grade gateway to gaining exposure to the Sui blockchain, endorsed and supported by the blockchain’s governing foundation, adding credibility and potential for further collaboration.
Leadership Integration
The leadership of Karatage, the fund that led the private placement, is joining Mill City’s leadership. Marius Barnett and Stephen Mackintosh, co-founders of Karatage, will become Chairman of the Board of Directors and Chief Investment Officer of Mill City, respectively, effective upon the closing of the private placement.
In Summary
Mill City’s Sui Treasury Strategy leverages a large capital allocation into SUI tokens fostered through a strategic partnership with the Sui Foundation. This positions the firm as a public, institutional vehicle for Sui blockchain exposure with anticipated benefits from collaboration and market positioning within the Sui ecosystem.
For more information about Karatage, please visit karatage.io. The closing of the offering is expected to occur on or about July 31, 2025, subject to customary closing conditions.
In alignment with Mill City's transformation, the Sui Foundation partnership offers direct token acquisition agreements, providing preferential access to cryptocurrency (SUI) beyond regular market purchases. Furthermore, this collaboration offers shared insight and strategic guidance within the Sui blockchain ecosystem, allowing Mill City to optimize its crypto trading in line with blockchain developments and future prospects.
