Mill City Ventures (MCVT) experienced a dramatic 353% surge in its stock price following the announcement of a new treasury strategy centered around the Sui (SUI) protocol. The Nasdaq-listed firm plans to raise $450 million through a private placement to establish a Sui cryptocurrency treasury. This strategic move propelled MCVT's stock from $1.85 to a high of $7.99. The private placement will see over 83 million shares sold at $5.42 each, with significant backing from London-based Karatage Opportunities and the Sui Foundation. Stephen Mackintosh of Karatage, set to become Mill City Ventures' chief investment officer, emphasized Sui's potential for mass adoption due to its speed and efficiency. Mill City intends to acquire SUI on the open market and through a sales agreement with the Sui Foundation.