{"id":39122,"date":"2025-07-28T13:16:35","date_gmt":"2025-07-28T13:16:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39122"},"modified":"2025-07-28T13:16:35","modified_gmt":"2025-07-28T13:16:35","slug":"sui-joins-bitcoin-ethereum-with-its-own-treasury-company-look-whos-building-a-450-million-reserve","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39122","title":{"rendered":"SUI Joins Bitcoin, Ethereum With Its Own Treasury Company: Look Who&#8217;s Building A $450 Million Reserve"},"content":{"rendered":"<div>\n<p><strong>Mill City Ventures III, Ltd.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MCVT#NASDAQ\">MCVT<\/a>), a non-bank lender and specialty finance company, announced a $450 million private placement to adopt a <strong>Sui<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">SUI<\/a>) treasury strategy, marking a significant <a href=\"https:\/\/www.benzinga.com\/news\/25\/07\/46581609\/xrp-gets-its-own-treasury-company-look-whos-building-a-20-million-xrp-reserve\">shift toward blockchain investment<\/a>.<\/p>\n<p>The company will allocate 98% of the net proceeds to acquire SUI tokens, the native cryptocurrency of the Sui blockchain, positioning itself as the sole SUI treasury supported by the Sui Foundation.<\/p>\n<p>The private placement involves the sale of 83,025,830 shares of common stock at $5.42 per share, with the closing expected on or about July 31, subject to customary conditions.<\/p>\n<p><strong>Karatage Opportunities<\/strong>, a London-based hedge fund specializing in digital assets, and the Sui Foundation led the investment, joined by prominent firms like<strong> Galaxy Digital Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/GLXY#NASDAQ\">GLXY<\/a>), <strong>Pantera Capital<\/strong>, and <strong>Electric Capital<\/strong>. <\/p>\n<p>Galaxy Asset Management will serve as the &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/07\/46658075\/sui-joins-bitcoin-ethereum-with-its-own-treasury-company-look-whos-building-a-450-million-r\" alt=\"SUI\" joins bitcoin ethereum with its own treasury company: look who building a million reserve>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mill City Ventures III, Ltd. (NASDAQ:MCVT), a non-bank lender and specialty finance company, announced a $450 million private placement to adopt a Sui (CRYPTO: SUI) treasury strategy, marking a significant shift toward blockchain investment. The company will allocate 98% of the net proceeds to acquire SUI tokens, the native cryptocurrency of the Sui blockchain, positioning [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-39122","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39122"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39122\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}