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WAYZATA, Minn. - Mill City Ventures III, Ltd. (NASDAQ:MCVT), whose stock has surged over 280% in the past six months, has accumulated 81,871,794 SUI tokens as of August 10, 2025, as part of its recently launched SUI treasury strategy, according to a company statement released Thursday. InvestingPro data shows the stock is currently trading near its 52-week high of $8.66, with significant momentum in recent trading sessions.
The company, which continues to operate its commercial short-term non-bank lending business with a healthy current ratio of 7.93, launched what it describes as "the first publicly traded, Foundation-backed SUI treasury strategy" on July 31, 2025. The company is currently staking all SUI tokens in its treasury, generating approximately $26,000 per day. According to InvestingPro analysis, the company maintains strong financial health metrics, with liquid assets well exceeding short-term obligations.
Mill City raised $450 million through a private investment in public equity (PIPE) offering as of August 1, 2025. The company has established an exclusive arrangement with the Sui Foundation, which it describes as providing access to negotiated SUI token purchases and ecosystem insights.
The company appointed Marius Barnett and Stephen Mackintosh, co-founders of London-based hedge fund Karatage Opportunities, as Chairman of the Board and Chief Investment Officer, respectively. Galaxy was named as Asset Manager to manage the company’s SUI treasury.
For its original lending business, Mill City reported second quarter 2025 total investment income of $948,000, up 7% from $889,000 in the same period last year. Net assets resulting from operations increased 64% to approximately $677,000, or $0.11 per basic and diluted share.
As of June 30, 2025, before the launch of its SUI treasury strategy, the company had investments, cash and cash equivalents of $19.4 million, compared to $19.5 million as of December 31, 2024.
SUI is described in the press release as a Layer 1 blockchain designed for scalability, speed, and security to power decentralized applications across finance, gaming, artificial intelligence, and other sectors. With a market capitalization of $610 million and a P/E ratio of 9.5, Mill City presents an interesting investment case. InvestingPro subscribers can access 11 additional exclusive tips and detailed financial metrics to better evaluate this rapidly evolving company.
In other recent news, Mill City Ventures III, Ltd. has reported significant developments regarding its financial strategy and holdings. The company announced that it holds 81,871,794 SUI tokens valued at approximately $316 million. Mill City Ventures disclosed purchasing an additional 5,600,607 SUI tokens since its last update, with an average purchase price of $3.65 per token. The company is also making a substantial move by entering into a $450 million private placement to establish a Sui blockchain cryptocurrency treasury strategy. Approximately 98% of the proceeds from this placement will be used to acquire SUI tokens, which will serve as the primary treasury reserve asset for Mill City Ventures. The private placement includes the sale of 83,025,830 shares of common stock at $5.42 per share, with Karatage Opportunities leading the investment alongside the Sui Foundation. Other firms participating in the offering are Galaxy Digital, Pantera Capital, and Big Brain Holdings. These developments highlight Mill City Ventures’ strategic focus on cryptocurrency as a key component of its financial operations.
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