WAYZATA, Minn., Aug. 14, 2025 (GLOBE NEWSWIRE) — Mill City Ventures III, Ltd. (“Mill City” or the “Company”) (NASDAQ:MCVT) today announced financial and operating results for the three months ended June 30, 2025, from its legacy commercial short-term non-bank lending and specialty finance business. The Company is also providing an update on recent developments, including its launch of the first publicly traded, Foundation-backed SUI treasury strategy on July 31, 2025, and subsequent events. The Company intends to continue its existing commercial short-term non-bank lending and specialty finance business.
Since launching the industry’s first SUI treasury strategy, under which the principal holding in Mill City’s treasury reserve on the balance sheet will be allocated to the native cryptocurrency of the Sui blockchain (commonly referred to as “SUI”), Mill City has established itself as the largest publicly traded SUI treasury, backed by an exclusive relationship with the Sui Foundation. The Sui Foundation is an independent organization dedicated to the advancement and adoption of the SUI network. The Company is executing on this opportunity by acquiring SUI tokens through open-market purchases, exclusive institutional-grade deal flow typically reserved for crypto funds, and a negotiated purchase agreement with the Sui Foundation — a strategy now accessible to a larger cohort of investors through a regulated publicly traded structure. As the only SUI treasury with foundation support, Mill City believes it is uniquely positioned to share insights on technology trends and ecosystem growth, while providing regulated, liquid, and institutional-grade access to one of the most scalable blockchains designed for global adoption.
SUI is a next-generation Layer 1 blockchain designed to deliver the scalability, speed, and security required to power decentralized applications and real-world crypto use cases across finance, gaming, artificial intelligence, stablecoins, and more. Its horizontally scalable architecture, low-latency finality, and secure, developer-friendly design, position it as a leading infrastructure platform capable of handling real-world scale. As institutional and consumer adoption accelerates, SUI offers the potential to enable a wide range of transformative digital experiences and create long-term value opportunities for Mill City and its shareholders.
“We believe that SUI represents the infrastructure layer for the next chapter of the internet — a high-speed, secure, and scalable blockchain designed to bring mass market, consumer applications into Web3,” said Stephen Mackintosh, Chief Investment Officer of Mill City and Co-Founder of …