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On July 28, the US-listed company Mill City Ventures III (MCVT) announced the launch of a $450 million private sale to build a financial reserve structure centered around SUI, marking its official entry into the encryption asset era. This round of financing was led by the hedge fund Karatage, with institutions such as the Sui Foundation participating in the follow-on investment, and SUI will be its main treasury asset. Driven by the news, MCVT's stock price surged fourfold in three days, rising from $2 to a high of $8, with a strong market response.