Mill City Ventures Boosts Sui Token Holdings to 82 Million

Mill City Ventures has expanded its exposure to the Sui blockchain by purchasing an additional 5.6 million SUI tokens for about $20 million at an average price of $3.65 each, according to company disclosures on 11 August.

The latest transaction lifts the Nasdaq-listed firm’s total stake to 81.9 million SUI. At prevailing market prices, the position is valued at roughly $316 million, making Mill City one of the largest corporate holders of the layer-1 network’s native asset.

Roughly 92 percent of the tokens are currently locked in staking contracts, generating an estimated $26,000 in rewards each day. Mill City accumulated the position through open-market purchases and a discounted supply agreement with the Sui Network Foundation.

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