SUI treasury management company Mill City reports impressive quarterly results and plans to purchase an additional $500 million in Tokens.

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On August 15, Mill City, the treasury management company of SUI, disclosed its second quarter financial report, showing a year-on-year rise of 7% in total investment income to $948,000, with operating expenses reduced to $316,000. It holds a total of 81.87 million SUI, all of which have been staked.

On August 1, Mill City Ventures III announced plans to purchase up to $500 million worth of SUI tokens. Previously, the company reached an equity financing agreement with A.G.P./Alliance Global Partners, allowing it to sell common stock to fund its crypto asset treasury strategy. Mill City has spent approximately $277 million to acquire over 76 million SUI tokens, a transaction that occurred after Mill City officially established itself as the treasury management for Sui enterprises and completed a $450 million private placement.

SUI-6.72%
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NonFungibleDegenvip
· 19h ago
ngmi if u not aping into sui rn... staking alpha too stronk
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MidsommarWalletvip
· 08-16 05:37
The institutional trading on Sui has become even more intense.
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BlockchainDecodervip
· 08-15 01:51
Comprehensive data shows that Mill City's decision to increase the position carries a significant risk factor. From a Technical Analysis perspective, the impact of a $500 million purchase on market Liquidity is worth discussing.
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DeFiVeteranvip
· 08-15 01:44
Buy again? So extravagant.
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CodeZeroBasisvip
· 08-15 01:41
Looks like Sui is about to To da moon.
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