SUI Price Surges as Mill City Ventures Commits $450M to Build Massive Treasury

• Crypto analyst Lark Davis predicts SUI will reach $7.5 after the token broke above a key downtrend line with strong volume.

• Mill City Ventures raised $450 million and plans to use 98% of the funds to buy SUI tokens for their treasury reserve.

• SUI’s DeFi ecosystem grew 400% in one year to $2.2 billion total value locked, and major investors like Galaxy Digital are backing the project.

Cryptocurrency analyst Lark Davis has set a bold $7.5 price target for SUI tokens following significant institutional investment news. The prediction comes after Mill City Ventures announced plans to deploy $450 million toward building the largest publicly traded SUI treasury position.

At the time of writing, SUI is trading at $3.77, showing a drop of 7% over the past 24 hours. 

Davis highlighted the technical breakout in a recent social media post. He noted that Fibonacci projections could drive SUI toward his $7.5 target if the token maintains its position above critical resistance levels. The volume surge coincides with growing institutional adoption and treasury announcements.

Mill City Ventures Makes Historic $450 Million SUI Bet

Mill City Ventures secured $450 million through private placement funding, with 98% of proceeds designated as the company’s primary treasury reserve asset for SUI token purchases. The investment strategy bridges crypto-native growth opportunities with traditional publicly traded structures.

The funding round attracted major institutional investors, including Electric Capital, ParaFi, Galaxy Digital, and Pantera Capital. The Sui Foundation and London-based hedge fund Karatage Opportunities also participated, demonstrating confidence in the ecosystem’s long-term potential.

Mill City plans to acquire SUI tokens through open market purchases and direct agreements with the Sui Foundation. This approach positions the company as the first publicly listed entity with foundation-backed SUI treasury holdings.

Mill City’s proposed Chief Investment Officer, Stephen Mackintosh, emphasized SUI’s technical capabilities for mass adoption. The executive cited the network’s speed, efficiency, and ability to support AI workloads while maintaining security and decentralization as key factors in the investment decision.

DeFi Growth Supports Bullish SUI Price Outlook

SUI’s decentralized finance ecosystem has experienced remarkable growth, with total value locked increasing nearly 400% over the past year to reach an all-time high of $2.2 billion. The network’s rapid expansion demonstrates increasing developer and user adoption.

Additional institutional interest emerged through Canary’s SUI ETF application advancement, signaling broader market recognition of the token’s investment potential. Grayscale previously outlined a bullish case for SUI, noting institutional recognition of the platform’s capabilities.

Adeniyi Abiodun, co-founder of Mysten Labs, highlighted SUI’s advantages in infrastructure for emerging technologies. The executive emphasized the network’s capacity to handle real-scale applications across cryptocurrency, artificial intelligence, and stablecoin sectors.

Mill City’s strategy creates a Nasdaq-listed gateway for institutional and retail investors seeking direct SUI exposure. The company’s treasury approach could establish a new publicly traded cryptocurrency holdings model while providing traditional investors with daily liquidity access.