The Minnesota-based specialty finance firm (Nasdaq: MCVT) announced an equity line agreement with A.G.P./Alliance Global Partners on August 1, 2025. This enables Mill City to sell up to $500 million of its common stock at its discretion, pending standard restrictions and closing conditions. The agreement carries no commitment fee.

SUI is down today and over the last fortnight, it has lost 12.8% against the U.S. dollar. Mill City Ventures plans to accumulate SUI.

Chief Investment Officer Stephen Mackintosh stated the capital provides “firepower” to scale its position as the sole publicly traded entity with an official Sui Foundation relationship. He emphasized the potential to capitalize on Sui’s growth while enhancing SUI-per-share value through an institutional structure.

Proceeds will exclusively fund the company’s SUI treasury strategy. Mill City functions as a dedicated investment vehicle providing regulated market exposure to the Sui blockchain ecosystem.

SUI is the native token of the Sui blockchain, a layer one (L1) network launched in 2023. It facilitates near-instant, low-cost transactions using an object-centric data model and parallel processing architecture.

The token is used for paying transaction fees, staking for network security and rewards, governance participation, and accessing applications built on Sui. The blockchain targets high-throughput uses like DeFi and gaming.

Mill City remains the only public company offering institutional-grade access to SUID through its treasury model. The company’s announcement of a $500 million equity facility arrives as more and more businesses are stuffing their balance sheets with altcoins.

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