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

According to Foresight News, Mill City Ventures III, a Nasdaq listed company, announced that it has signed a securities purchase agreement and will raise $450 million through a rights issue to launch its SUI treasury strategy. Karatage Opportunities is the lead investor in this fundraising, and the Sui Foundation is also providing funding. Other participating parties include Big Brain Holdings、Galaxy Digital Inc、Electric Capital、GSR、Selini、Protagonist、ParaFi Capital It is reported that this transaction is expected to be completed around July 31, 2025, but it must meet the customary closing conditions.