Mill City Ventures III Secures $450M, Buys 76.3M SUI for DeFi Strategy

August 1, 2025 – Mill City Ventures III, Ltd. (NASDAQ: MCVT), a leading provider of short-term non-bank lending and specialty finance solutions, today announced the successful closing of a $450,000,000 private placement. This significant capital infusion is earmarked to initiate the company's ambitious Sui Treasury Strategy, marking a pivotal step in integrating cutting-edge blockchain technology into its core business operations. As part of this strategic move, Mill City Ventures III, Ltd. has acquired 76.3 million SUI tokens, solidifying its commitment to the Sui ecosystem.

The private placement and subsequent SUI token acquisition underscore Mill City Ventures III, Ltd.'s vision to become the premier institutional-grade gateway for investors seeking exposure to the explosive growth of the Sui blockchain ecosystem. By leveraging the advanced capabilities of Sui, the company aims to enhance its existing lending and specialty finance offerings while exploring new opportunities in the rapidly evolving landscape of decentralized finance.

"This $450 million private placement and our substantial investment in SUI tokens represent a transformative moment for Mill City Ventures III, Ltd.," said Douglas M. Polinsky, CEO of Mill City Ventures III, Ltd. "We are committed to innovating our non-bank lending and specialty finance business by harnessing the power of blockchain and stablecoins. The Sui network, with its unparalleled security, scalability, and performance, provides the ideal foundation for us to deliver faster, more secure, and highly efficient financial solutions, ultimately benefiting our borrowers and investors."

Mill City Ventures III, Ltd. has strategically chosen the Sui blockchain for its robust technical advantages, which directly address the needs of modern finance:

Enhanced Transparency and Trust: Sui ensures full transparency and immutability, recording every loan step to eliminate silos, reduce fraud, and prevent paperwork disputes.

Streamlined Operations & Reduced Costs: Through smart contracts, Sui automates loan processes, significantly reducing errors, administrative costs, and accelerating settlement times.

Improved Risk Mitigation: Immutable audit trails provide lenders with real-time borrower insights, leading to improved credit scoring, better decision-making, and reduced investor risk.

Fractionalization of Assets & Increased Liquidity: Sui enables the tokenization of illiquid assets, allowing for fractional ownership, expanding access, increasing liquidity, and diversifying opportunities in private lending.

Superior Security: The Move programming language, utilized by Sui, mitigates common blockchain risks such as reentrancy and double spending through static typing and memory isolation.

Exceptional Scalability: Sui's unique object model facilitates parallel execution, enabling peer-to-peer transactions to finalize in approximately 400 milliseconds.

High Performance: The network boasts sub-second transaction finality and the capacity to process thousands of transactions per second, ensuring high throughput for financial operations.

This strategic pivot positions Mill City Ventures III, Ltd. at the forefront of integrating blockchain and stablecoins into traditional specialty finance, redefining how non-bank lenders balance borrower satisfaction with strong returns. The company believes that this move will not only optimize its internal operations but also unlock new avenues for growth and investment within the burgeoning digital asset space.

About Mill City Ventures III, Ltd.:

Mill City Ventures III, Ltd. (NASDAQ: MCVT) is a publicly traded company specializing in short-term non-bank lending and specialty finance. With a focus on innovation, the company is committed to leveraging advanced technologies, including blockchain and stablecoins, to enhance its financial services. Mill City Ventures III, Ltd. aims to provide institutional-grade exposure to the growing Sui ecosystem, offering efficient, secure, and transparent financial solutions to its clients and investors.