Mill City Ventures III, which is included in the NASDAC Stock Exchange, may collect another $ 500 million under a royal rights agreement to finance the SUI Treasury strategy recently announced-however, the news caused a decrease from two numbers in the Mill City share price.
Finance Company advertisement On Friday, it came shortly after the collection of $ 450 million earlier this week, which was used to buy the first batch of 76.2 million Sui (SUI) symbols worth $ 276 million.
“This stock line aims to give us a fire force to expand its scope as the only treasury in the market with a formal relationship for equal,” said Stephen McCainhosh.
“We are in a position teaching us to take advantage of SUI’s potential growth with the expansion of the Sui-Share range through an institutional core cover. This is close to us to simplify access to public markets to a set of the next generation.”
The SUI network is a collection of Layer-1 Blockchain designed to support low-development work burdens to reach AI, games and the following generation applications.
The Mill City bet on sui – the distinctive symbol that works on the SUI network – reflects a wider shift in the industry towards building cryptocurrency bonds outside Bitcoin (BTC) and Ether (ETH).
Other public companies have adopted BNB (BNB), Solana (Sol) and XRP (XRP) as the assets of the Treasury in recent weeks.
Mill City Shares Tank
However, the $ 500 million shares agreement with Alliance Global Partners contributed to a 11.4 % decrease in the Mill City (MCVT) share to $ 4.91 on Friday, Google Finance Data He appears. MCVT decreased by another 4.28 % in hours after hours.
Despite the decrease, the MCVT shares are still 165 % since July 24 – four days before Mill City revealed the sui treasury strategy.
Heavy weights in the industry are located behind the Mill City Sui strategy
On July 24, Mail City collected $ 450 million by selling 83 million shares to institutional investors
Related to: The distinctive code for encryption may move to $ 3 billion in August; Sui menu, ftn top
The offer included investment from Pantera Capital, Electric Capital, Parafi Capital and Falconx. Galaxy Asset Management acts as Director of Treasury Assets.
Mail City said that it will allocate about 98 % of the revenue to finance the SUI cabinet strategy, while the remaining 2 % will be for the current short -term lending.
Sway, the 15 largest encrypted currencies, decreased by 2.4 % to $ 3.50 – consistent with the wider market fall, Coingecko Data He appears.
magazine: Amnesty International’s training in a secret album … or Hitler. Meta + AI porn? Amnesty International appointed
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2025-08/019868c7-2a17-71bd-9973-fa398ab65e72
2025-08-02 04:47:00
