- Avalanche Treasury Co. plans to go public via a SPAC deal and acquire over $1 billion in AVAX tokens.
- The move boosted AVAX’s price and positions the company to actively participate in the Avalanche blockchain ecosystem.
Avalanche (AVAX), the native token of the Avalanche blockchain, jumped after Avalanche Treasury Co. announced plans to buy over $1 billion in AVAX tokens. This move follows the company’s SPAC deal and has drawn attention from major crypto investors.
Avalanche Treasury Co. Goes Public
Avalanche Treasury Co. will merge with Mountain Lake Acquisition Corp., a SPAC valued at over $675 million. Once approved by regulators and shareholders, it will list on Nasdaq in early 2026 under the ticker AVAT.
The merger is backed by leading crypto firms, including Dragonfly, VanEck, FalconX, Monarq, Galaxy Digital, Pantera Capital, CoinFund, and Kraken. Bart Smith, former CEO of Susquehanna Crypto, will lead as CEO. Emin Gün Sirer, founder of Ava Labs, joins as an adviser.
$1 Billion AVAX Holdings Planned
The company plans to acquire more than $1 billion in AVAX tokens. Its initial capital raise will fund approximately $460 million in treasury assets. Avalanche Treasury Co. also has an exclusive relationship with the Avalanche Foundation, allowing early access to discounted AVAX tokens.
After the announcement, AVAX reached an intraday high of $31.32, up 2.3% in 24 hours according to CoinGecko.
Active Role in the Avalanche Ecosystem
Avalanche Treasury Co. will go beyond holding tokens. The company plans:
- Targeted protocol investments
- Helping enterprises tokenize real-world assets and stablecoins
- Setting up validator infrastructure
“Many institutions struggle to access digital assets or earn yield,” said Bart Smith. “Our company offers more value than passive holding.”
The company will buy AVAX at a discount and get 18-month priority on Avalanche Foundation token sales for U.S. treasury companies. Analysts note the mNAV metric may not fully reflect the company’s financial position.
A Growing Trend in Crypto
Avalanche Treasury Co. joins other treasury-focused firms going public. AgriFORCE Growing Systems, rebranded as AVAX One, plans to purchase $700 million in AVAX.
With strong leadership, strategic partners, and a $1 billion AVAX acquisition plan, Avalanche Treasury Co. is positioned to impact the AVAX market and boost institutional interest in Avalanche.
ALSO READ :Avalanche (AVAX) Explained: A High-Speed Blockchain Built for the Future
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