Mill City Ventures III Ltd (NASDAQ: MCVT) has attracted attention after launching a treasury strategy focused on SUI tokens. This significant move establishes the company as the first public finance firm to integrate SUI blockchain assets into its treasury operations.
Company Overview
Mill City Ventures III operates as a public specialty finance firm offering short-term, collateral-backed loans. The company focuses on structured finance targeting underbanked markets. Revenue is generated through interest income and capital gains from loan investments.
Funding and Allocation
In July 2025, Mill City Ventures III completed a Private Investment in Public Equity (PIPE) round, raising $450 million. Approximately 83 million shares were issued at $5.42 per share. About 98% of the raised funds, totaling $441 million, were used to acquire 76.27 million SUI tokens at an average price of $3.64 per token.
Strategic Importance
Mill City Ventures III provides investors with exposure to the Sui blockchain ecosystem through regulated equity. The company's strategy aligns with the broader trend of integrating digital assets into traditional finance, reinforcing its position in the growing blockchain market.
Mill City Ventures III exemplifies a new model for specialty finance firms by adopting a SUI-based treasury model. Backed by leading institutional investors, this strategy may serve as a template for other public companies.
