Mill City Ventures Launches Nasdaq-Listed SUI Treasury with $450M Investment
Jessie A Ellis Aug 02, 2025 06:01
Mill City Ventures announces a $450M investment to establish a Nasdaq-listed SUI treasury, expanding institutional access to the Sui blockchain ecosystem.

Mill City Ventures (NASDAQ: MCVT) has marked a significant milestone by closing a $450 million private investment in public equity (PIPE), aimed at establishing a Nasdaq-listed treasury for SUI. This move makes Mill City Ventures the first public vehicle dedicated to acquiring and holding SUI as a core treasury strategy, in collaboration with the Sui Foundation, according to Sui Foundation.
Institutional Access to Sui Ecosystem
This initiative significantly broadens access to the Sui ecosystem, which was previously limited to crypto-native platforms or wallet infrastructures. It represents a pivotal gateway for traders and institutional market participants to engage with SUI through a Nasdaq-listed vehicle. As per Mill City Ventures' press release, the company has acquired 76,271,187 SUI tokens at an average price of $3.6389 each. This acquisition was facilitated through an OTC purchase and contributions in kind.
Prominent Investors and Management
The investment attracted a roster of notable firms, including Big Brain Holdings, Galaxy Digital Inc (Nasdaq: GLXY), Dr. Jack Kong – NLABS Fund, Pantera Capital, and several others. Galaxy Asset Management has been appointed as the Asset Manager for this venture. This strategic move offers public market participants a regulated, liquid equity instrument to gain exposure to SUI.
Growing Interest in Sui
Interest in Sui from both institutional and traditional investors is on the rise. Recent SUI ETF applications by Canary Capital and 21Shares, along with investment products from Grayscale, VanEck, and Bitwise, underscore this growing trend. Sui's speed, institutional-grade infrastructure, and the token's utility in DeFi make it an attractive target for active treasury strategies.
Christian Thompson, Managing Director of the Sui Foundation, stated, “Today’s move is about meeting demand where it exists. This treasury vehicle represents an important bridge for traditional capital markets, enabling more accessible and direct exposure to the Sui ecosystem.”
Impact on Sui Ecosystem
This new trading avenue for SUI validates the growth across various sectors such as DeFi, storage, and gaming on the Layer 1 blockchain. For developers, it provides a broader participant base for their applications, and for the Sui community, it strengthens the network with long-term financial infrastructure.
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