Mill City Ventures (MCVT) Stock Soars On $450M Deal To Create Crypto Treasury
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 28 2025
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Source: Benzinga
Company Announcement: Mill City Ventures III Ltd (MCVT) shares surged after announcing a $450 million private placement to pivot into the digital asset space, primarily acquiring SUI cryptocurrency as its treasury reserve asset.
Leadership Changes and Market Response: The deal is led by Karatage Opportunities, with co-founders Marius Barnett and Stephen Mackintosh taking on key leadership roles; MCVT shares rose 14.1% following the announcement.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
