Mill City Ventures (Nasdaq: MCVT) has successfully secured a massive $500 million equity line of credit, a strategic move aimed at expanding its SUI token treasury. The agreement, announced on August 1, 2025, represents a significant milestone for the Minnesota-based specialty finance firm, positioning it as the only publicly traded company with a formal affiliation with the Sui Foundation.
The financing arrangement is made through an equity line with A.G.P./Alliance Global Partners. Under the terms of the deal, Mill City can sell up to $500 million worth of its common stock at its discretion, subject to standard regulatory conditions and closing requirements. Importantly, the agreement carries no commitment fees, giving Mill City considerable flexibility in timing and execution.
This capital infusion will be exclusively allocated to support the company’s SUI treasury strategy, reflecting Mill City’s long-term conviction in the Sui blockchain ecosystem. The move comes as SUI, the native token of the Sui Layer-1 blockchain, has faced recent price pressure — dropping 12.8% over the past two weeks — presenting what Mill City sees as an opportunity to accumulate at a discount.
Stephen Mackintosh, Chief Investment Officer at Mill City Ventures, emphasized the significance of the funding line, stating that it empowers the company to expand its presence as the only publicly traded vehicle directly connected to the Sui Foundation. “This gives us the capital strength to continue building a unique organizational structure that not only captures Sui’s upside potential but also increases per-share SUI value for our stakeholders,” Mackintosh said.
SUI powers the high-throughput Sui blockchain, which launched in 2023 and leverages a novel object-centric data model along with parallel execution to enable near-instant, low-cost transactions. The token serves multiple roles in the ecosystem: it is used to pay transaction fees, for staking and earning network rewards, for governance participation, and to access applications built on Sui.
With this $500 million equity facility, Mill City Ventures plans to further establish itself as the premier institutional gateway to the Sui ecosystem, offering structured exposure to digital assets through a regulated and publicly accessible investment model. At a time when more companies are beginning to add altcoins to their balance sheets, Mill City’s aggressive expansion into SUI positions it at the forefront of a growing trend.
This development also highlights a broader industry shift: publicly traded firms are increasingly exploring strategic relationships with next-generation blockchain networks as they look to diversify holdings and capture upside from digital innovation. For Mill City Ventures, the new equity line may well be a defining move in carving out its niche in the blockchain finance landscape.
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