Will Mill City Ventures SUI Bet Impact Its Stock Price?

The Short Term Lender Company Becomes First Public Firm to Build SUI Treasury

Mill City Ventures has made headlines by becoming the first public company to acquire ~76.3% of tokens. It has successfully established a corporate treasury following the 450M private placements. The company is launching Suienetwork Treasury Strategy with 76.3 million tokens bought at $3.6 average price.

Source: X profile

CIO Stephen Mackintosh called the approach a “clean, liquid”

Stephen Mackintosh, Chief Investment Officer at Mill City Ventures stated on his X post “clean, liquid” way for public markets to tap digital assets. Token’s Move-based blockchain is built for speed and scale, perfect for institutional play. Don’t sleep on this shift”.

Mill City Ventures now has a total of 76,271,187 tokens in its treasury, acquired at an average price of $3.6389 per token after having made its first purchases through an OTC purchase and sale agreement with the Sui Foundation and contributions in kind. The move signals a strong stake in coin as a part of its long term digital assets treasury goals.Prominent investors such as Galaxy, Pantera, and Big Brain Holdings demonstrate a remarkable amount of faith in coin's Layer 1 capabilities.

$450M Investment Sparks Stock Volatility for MCVT

Mill City Ventures today stock price is 5.54 with market capital of 33M. The company faced a  decrease of 8% in its price from yesterday closer. As soon as the Mill bets 450M in Sui news came out its share price saw volatility. As the news followed the price went up to 7.78 and came down by 5.55 on the same day. Company invested in SUI, is this the reason for the fall in its stock price?

Source: Yahoo Finance

Token Faces Price Dip Despite Corporate Backing

At the time of writing the token is trading at $3.53 with a decline of 2.97%. In the past 24 hrs it faced a major dip of 9%. The current market cap is $12.17B and also saw a decrease of 9.75% from yesterday as per the coin market cap data.  In the past seven days the coin has been trading between $4 to $3 showing ups and down. The overall crypto market fell about 3.39% in the past 24hrs. The reason behind the token decline is profit taking by investors as the coin went up as the Sui treasury by Mill City Ventures news arrived. In the current scenario institutional inflows provide grip while traders broaden the risk seeing the July 2025 30% hike. Will SUI’s corporate treasury inflows stabilize the prices.

Source: Coinmarketcap

Will Mill City Ventures Holding Set a New Corporate Altcoin Reserves trend

Institutional crypto adoption is leveling up. Now companies are diverting towards altcoins rather than Bitcoin. Ethereum, XRP, Dogecoin are increasing their holding among major financial institutions. With 98% of proceeds fueling  purchases, MCVT bridges traditional finance and blockchain. Mill City ventures SUI treasury sets a new standard, with plans for more open-market buys. As altcoin treasuries surge, will you ride this wave?