Mill City Secures $500 million Equity Line as SUI Treasury Grows

* Mill City Ventures III enters a $500 million equity line agreement to expand its SUI holdings. * Galaxy Digital and Pantera Capital back the strategic shift, which follows a $450 million token acquisition. Mill City Ventures III (NASDAQ: MCVT), a Minneapolis-based short-term lender, announced an equity line agreement with A.G.P./Alliance Global Partners to secure up to $500 million, effective August 1, 2025. The company will use these funds to expand its SUI token treasury, reinforcing its unique position as the sole publicly-traded entity with an authorized partnership with the Sui Foundation. The agreement, which follows an earlier $450 million private placement, reflects Mill City's strategic pivot to a crypto-focused treasury model designed to scale its market presence. Through that placement, the firm acquired 76,271,187 SUI tokens at an average price of $3.6389 per token. These acquisitions were facilitated by the Sui Foundation through over-the-counter deals and in-kind contributions. In a company statement on August 1, 2025, Chief Investment Officer Stephen Mackintosh said the equity line provides the necessary "firepower to scale" the company’s crypto investments. Notably, unlike many similar financing arrangements, this agreement has no commitment fee. The abrupt shift to a crypto-centric treasury initially caused Mill City Ventures' stock to dip more than 10%, though it recovered slightly to end the trading day down 4%. Following the private placement, which included participation from major crypto players like Galaxy Digital, Pantera Capital, and Electric Capital, Galaxy Asset Management now oversees Mill City’s SUI token treasury operations. As of 17:08 UTC on August 1, Sui (SUI) was priced at $3.523, down 6.595% in the last 24 hours. During the same period, its 24-hour trading volume surged by 47.342%, indicating heightened market activity.