Mill City Ventures III raises $450 million to launch SUI treasury strategy

According to Foresight News, Nasdaq listed company Mill City Ventures III announced that it has signed a securities purchase agreement to raise $450 million to launch the SUI treasury strategy. Karatage Opportunities is the leading investor in this fundraising, and the Sui Foundation also provides funds. Other participants include Big Brain Holdings, Galaxy Digital Inc, Electric Capital, GSR, Selini, Protagonist, ParaFi Capital, etc. It is reported that the transaction is expected to be completed around July 31, 2025, but the conventional transaction conditions must be met.

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