SUI Network Treasury Reserve Unveiled by Mill City: Details

Main notes

• Mill City Ventures started the first SUI Reserve.
• This step included an initial investment of $ 450 million, with the support of the best VCS in Crypto.
• Sui Network acquires traction as a higher smart development device.

SUI has taken a big step forward after a major investment agreement from Mill City Ventures. The company, listed on the Nasdaq Stock Exchange under the MCVT index, has committed 450 million dollars to contract the symbols as an essential part of its public budget. The move opens a new path for public investors to reach the ecosystem through an organized and visual platform.

Mill City Ventures buy more than 76 million icons

According to OfficialMill City Ventures is now the first public company to focus on the SUI contract as a reserve of the Treasury Department. The company added 76,271,187 SUI to its public budget, with an average purchase price at 3.6389 dollars per currency.

Assets were obtained through a direct agreement with the Sui Foundation, as well as other contributions in kind.

This is a shift from the usual way that people have reached only. To date, most of the activity occurred in some of the best encryption portfolios and digital platforms. Through this step, Mill City has made it easier for traditional investors and traders exposure to SUI through the stock market.

According to the official edition, the support of the deal came from several known names in the world of digital assets. Galaxy Digital, Big Brain Holdings, Nlabs Fund and Dr. Jack Kong were among the investors. Galaxy Asset Management, Asset Director of Mill City’s Sui Holdings.

This development also comes at a time when the currency price was focused. A modern update from Coinspeaker indicated that the SUI price recorded an 8 % increase. This also supports the price of the price of $ 5, especially since the total closed network value (TVL) reached the highest level of more than $ 2.2 billion in July.

The public market is increasing in the strongest

The SUI network continued to attract steady attention from major financial institutions. Interestingly, while alternative cryptocurrencies such as XRP have gained traction through possible ETF approvals and organizational discussions, the interest in SUI is high.

In recent months, companies such as Canary Capital and 21shares have advanced the SUI, which indicates increasing confidence in their capabilities. GrayScale, VNECK and BitWise also provided investment products related to the network, which increased their attractiveness among institutional investors.

Meanwhile, Christian Thompson of the Soy Foundation said this step is a way to meet the increasing demand. By working with Mill City Ventures, the Foundation hopes to make Sui more easy for investors in the public market who have previously launched from the ecosystem.

Sui and Bantrastructure speed made a strong choice for developers who build financing, games and storage applications. The presence of a general commercial vehicle these developers can help attract a broader user base. In addition, Coinspeaker indicated that the Sui network was updating to reinforce the Defi Bitcoin by integrating it with the stack. This step will enable SBTC safe and safe use in decentralized financing applications.

This deal also sends a strong message. The SUI network builds bridges with traditional financing. It is no longer just a project for those familiar with encryption. With this step, the door is now open to more people to participate in its growth.

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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

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