Avalanche Crypto Treasury Company to be public in $ 675m Spac

Avax’s price, the native token of the avalanche blockchain, jumped after a newly formed company announced its plans to go public to the US and bought more than $ 1 billion worth of token.
The company, Avalanche Treasury Co., Says On Wednesday this will be combined with the Special Purpose Acquisition Company (SPAC) Mountain Lake Acquisition Corp. to a deal worth more than $ 675 million.
The combined -joint company hopes to be listed in Nasdaq in the first quarter of 2026 under the ticker symbol “Avat,” subject to regulation and shareholder.
Emin Gün Sirer, the founder and CEO of Avalanche Blockchain The AVA labs firm, will join the company as a counselor.
Business is the second called Treasury Company dedicated to Avalanche and joined a flock of Companies Going public or pivoting to buy and handling cryptocurrencies this year.
Avalanche Treasury CO eyes are $ 1 billion handling Avax
Avalanche Treasury Co said it has an “exclusive relationship” with the Avalanche Foundation, an organization that supports The blockchainalready reportedly planned to sell millions of avalanche (Avax) Tokens At a discount price to treasury companies.
The Treasury company said it plans to have more than $ 1 billion worth of AVAX after its public next year, and its initial increase in capital “will result in approximately $ 460 million in treasury -funded funds.”
Avax Rose shortly after the announcement on an intraday high of $ 31.32. This is from chilled but remains 2.3% in the past 24 hours, According to In coingecko.
Crypto -focused companies and companies support integration, including Dragonfly, Vaneck, Falconx, Monarq, Galaxy Digital, Pantera Capital, Coinfund and Kraken.
Bart Smith, the former CEO of Major Crypto Market Maker Susquehanna Crypto, was named CEO of Avalanche Treasury Co.
Avalanche Treasury CO plans to be active in onchain
The company said it would conduct additional activities to generate revenue “beyond passive accumulation” and also plans to be active in the avalanche blockchain.
It added that it will put funds through “targeted protocol investments,” help businesses with tokenizing real-world assets and stablecoins, and establish its own validator infrastructure.
“Many institutions find it difficult to access digital assets or are limited to the handling of native tokens without the yield or integration of the ecosystem,” Smith said. “We created Avalanche Treasury Co to offer something that we think would be more important than passing passive.”
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The company joins the likes of Agriforce Growing Systems, announced this September 22 Rebrand as avax one and buy $ 700 million worth of Avax.
The company aims to offer “discount” compared to the token
Avalanche Treasury Co said it would launch “on a preliminary purchase of the Avax token in a market price discount and an 18-month priority in selling avalanche foundation to digital asset treasury companies.”
The company aims for a multiple amount of net asset (MNAV) of 0.77, which is tout as a “23% discount compared to buying Avax directly.”
However, analysts from NyDig recently argued that MNAV The metric is misleading Because it does not properly represent a company’s financial position.
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