SUI Joins Bitcoin, Ethereum With Its Own Treasury Company: Look Who's Building A $450 Million Reserve
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 28 2025
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Source: Benzinga
Investment Announcement: Mill City Ventures III, Ltd. has initiated a $450 million private placement to acquire SUI tokens from the Sui blockchain, with 98% of proceeds allocated for this purpose, marking a significant shift towards blockchain investment.
Partnership and Leadership Changes: The investment is led by Karatage Opportunities and includes notable firms like Galaxy Digital and Pantera Capital; upon closing, new leadership roles will be filled by co-founders of Karatage and former Square counsel Dana Wagner will join as an independent board director.
Analyst Views on GLXY
Wall Street analysts forecast GLXY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLXY is 45.19 USD with a low forecast of 34.00 USD and a high forecast of 58.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
9 Buy
1 Hold
0 Sell
Strong Buy
Current: 31.990
Low
34.00
Averages
45.19
High
58.00
Current: 31.990
Low
34.00
Averages
45.19
High
58.00
About GLXY
Galaxy Digital Inc. is engaged in the business of digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence (AI). The Company's digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, it develops and operates data center infrastructure to power AI and high-performance computing workloads. The Company's segments include Digital Assets, Data Centers, and Treasury and Corporate. Its Digital Assets operating business segment provides new products and capabilities such as staking, margin-based financing and active exchange-traded funds. The Data Centers segment comprises the Helios infrastructure assets. Its Data Centers segment develops and operates High Performance Computing (HPC) infrastructure to meet the growing demand for large-scale, power-ready facilities in the AI/HPC industry.
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.
