Mentioned:
MCVT +0.20% GLXY -11.51%
A company on the Nasdaq is going all in on Sui. And they’re partnering up with the Sui Foundation to do it.
What’s happening:
- Mill City Ventures III (NASDAQ: MCVT) has announced a new $450M USD equity financing round for the sole purpose of accumulating SUI tokens
Why it matters:
- The Sui Foundation is an official partner of the new deal and will help guide their approach to accumulating SUI tokens
Going deeper:
- Galaxy Digital (NASDAQ: GLXY) is one of the leading investors of the new financing round and will also handle all trading for Mill City Ventures III as it begins to purchase SUI tokens
- Multiple other prominent investors in crypto also participated in the new funding round, including GSR, Pantera Capital, ParaFi Capital, FalconX and others
The intrigue:
- Sui has been making a flurry of moves lately to expand their presence in digital assets, including previously making waves when they unveiled their first ever handheld gaming device known as SuiPlay0X1
