Avalanche Treasury Co (AVAT) was announced by a $ 675 million-plus business combination at Mountain Lake Acquisition Corp. (MLAC), which sets the stage for its expectation would be a $ 1 billion ecosystem treasury, the company said in a Press release Wednesday.
Backed by an exclusive arrangement at the Avalanche Foundation, Avat begins with a $ 200 million discount token for sale and plans to be listed in Nasdaq in early 2026, waiting for approval.
MLAC reached a 2% premarket. Avax has been flat in the past 24 hours, underperforming a surging crypto market.
The company launches nearly $ 460 million in Treasury’s possessions, funded by a private placement, and promises investors a discount point of entry of 0.77 times of net asset (MNAV), or nearly a 23% Markdown compared to direct token purchases or alternative ETFs.
The CEO Bart Smith said the vehicle was designed to give institutions more than passive exposure, which framped it as an integrated partner on the Avalanche Network.
Avat’s approach aims to measure a $ 1 billion treasury by investing in the ecosystem directly, supporting protocol adoption, on-chain business activity, and launching institutional blockchain.
Emin Gün Sirer, founder of the AVA Labs, will serve as a strategic counselor, while businessman John Nahas will take a seat on the board. The advisory board includes Dragonfly’s Haseeb Qureshi, blockworks CEO Jason Yanowitz, and Aave founder Stani Kulechov.
The adventure has already drawn a wide mix of institutional and crypto-native investors, including Dragonfly, Parafi, Vaneck, Galaxy Digital (Glxy), Pantera, Coinfund, Kraken, and more. Falconx will handle the implementation and credit, while Monarq will manage the property.
Smith, a veteran on Wall Street with Susquehanna and Alliancebernstein experiences, leads a team that includes Laine Litman, who used to be hidden road and financial financial, and Buddh White, previously in Multisig Labs. They see the effort as a step beyond the traditional models of token accumulation, which positions Avat as both an institutional access point and a machine for avalanche growth.
The deal, which is expected to close in the first quarter of 2026, came as regulators approached the clarity for the adoption of the institutional crypto, with the avalanche emerging as a favored blockchain for enterprise-scale applications.
Financial Times reported last month planned by Avalanche Foundation Raise $ 1 billion To create two crypto treasury companies.
