Lates News

BlockBeats News August 15th SUI Treasury Management Company Mill City disclosed its second quarter financial report, with total investment income in Q2 increasing by 7% year-on-year to $948,000. Operating expenses decreased to $316,000. A total of 81.87 million SUI tokens are currently pledged. On August 1st, Mill City Ventures III announced plans to repurchase up to $500 million worth of SUI tokens. Prior to this, the company had reached an equity financing agreement with A.G.P./Alliance Global Partners, allowing them to sell common stock to fund their cryptocurrency asset treasury strategy. Mill City has already invested around $277 million to purchase over 76 million SUI tokens. This transaction took place after Mill City officially established itself as the SUI corporate treasury manager and completed a $450 million private placement.