Mill City Ventures Acquires an Additional $20 Million in SUI Tokens

According to Jinse Finance, Nasdaq-listed company Mill City Ventures purchased 5.6 million SUI tokens at a discounted average price of $3.65 per token from the SUI Foundation, with the total transaction exceeding $20 million. Mill City currently holds nearly 81.9 million SUI and plans to generate returns by staking SUI. Previously, the company raised $450 million through private placement and secured an additional purchase quota of up to $500 million, allowing for dynamic increases in SUI holdings, including acquisitions from the foundation, secondary markets, and other investors.