The ever-ambitious Avalanche Treasury Co., a key player in the Avalanche (AVAX) ecosystem, and no stranger to close ties with the Avalanche Foundation, has once again stepped into the limelight. In an audacious announcement today, the company revealed a groundbreaking partnership with the Mountain Lake Acquisition Corp., one of those mysterious acronyms they like to throw around-SPAC. Yes, folks, the deal is an eye-watering $675 million, a sum that, if you blink, could vanish in the crypto space faster than you can say “blockchain.”
Avalanche Treasury Firm To Buy $1 Billion Worth Of AVAX
Hold your horses! Avalanche Treasury Co. is merging with Mountain Lake Acquisition Corp. for an estimated $675 million (though, let’s be real, who can keep track of all these zeroes?). This dynamic duo is set to list on Nasdaq in Q1 2026 under the ticker symbol “AVAT.” And no, this isn’t some “flash in the pan” deal-after going public, AVAT plans to buy over $1 billion worth of AVAX tokens. Who says blockchain isn’t fun? 🤑
The treasury deal includes a cool $460 million in assets. What’s the grand vision, you ask? Well, it’s all about creating the ultimate public vehicle for those looking to get in on the AVAX token without buying it the old-fashioned way (yawn!).
Oh, but it doesn’t stop there. The firm will launch with an initial AVAX token purchase at a juicy discount. Yep, you heard it right-a 23% discount compared to buying AVAX the regular way, or through some passive ETF. For those with a keen eye on market movements, this could be a rare opportunity (if you’re lucky). No pressure, though 😏.
Bart Smith, CEO of AVAT, had this to say about the game plan:
“Many institutions have difficulty accessing digital assets or are limited to holding native tokens without yield or ecosystem integration. We created Avalanche Treasury Co. to offer something we believe will be more valuable than passive exposure. This is a public company launching as an active, strategic partner within the Avalanche network, offering a level of integration and alignment that investors have been demanding.”
And just to sweeten the deal, Emin Gün Sirer, the mastermind behind Ava Labs (the force driving Avalanche), is joining as an advisor. This isn’t just another corporate merger; this is the second AVAX-focused treasury firm to hit the scene. But who’s counting? 🙄
What’s the long game here? AVAT’s mission is crystal clear: deploy capital straight into the Avalanche ecosystem through three key pillars-targeted protocol investments, enterprise partnerships, and direct institutional support for Layer-1 (L1) launches. Talk about a multi-pronged approach! 🚀
AVAX Surges Following The Announcement
Shockingly (or not), AVAX tokens saw a massive surge following the announcement. It hit a high of $31.32 on Binance, before promptly taking a small breather. The rollercoaster ride of crypto continues!
It’s been a banner year for digital treasury firms. While Bitcoin (BTC) and Ethereum (ETH) had their moment in the sun, now the cool kids are shifting focus to altcoins like Solana (SOL) and AVAX. The buzz is palpable.
For instance, Nasdaq-listed VisionSys AI has grand plans for a $2 billion SOL-based digital treasury program. How delightful, right? While all this happens, AVAX is trading at $30.17, down 1.3% in the last 24 hours. But hey, it’s crypto-hold on to your seat! 😅
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2025-10-03 12:30