The post Mill City Ventures Boosts Sui Token Holdings to 82 Million appeared on BitcoinEthereumNews.com.

Mill City Ventures has expanded its exposure to the Sui blockchain by purchasing an additional 5 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. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/blockchains/mill-city-ventures-boosts-sui-token-holdings-to-82-million-a2b08d1d

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Filed under: News - @ August 12, 2025 1:26 am