Mill City Ventures repurchased $20 million in SUI tokens

ChainCatcher news, according to The Block, Nasdaq-listed Mill City Ventures purchased 5.6 million SUI from the SUI Foundation at an average price of $3.65 per coin, with a total transaction amount exceeding $20 million.

Mill City currently holds nearly 81.9 million SUI and plans to earn returns by staking SUI. The company previously raised $450 million through private placement and obtained a maximum additional purchase limit of $500 million, which will be used to dynamically increase its holdings of SUI, including purchases from the foundation, secondary markets, and other investors.