A new treasury company, Avalanche Treasury Co., is forming to acquire a large amount of Avalanche cryptocurrency with support from the Avalanche Foundation. The company has a $675 million transaction value and plans to be listed on Nasdaq in Q1 2026. It will offer investors discounted entry at 0.77x net asset value.

The company’s strategy focuses on targeted protocol investments, partnership activation with blockchain enterprises, and support for institutional Avalanche network launches. Avalanche Treasury Co. aims to accumulate over $1 billion worth of AVAX post-IPO to drive growth for the ecosystem actively. The leadership team includes Wall Street veteran CEO Bart Smith and Ava Labs founder Emin Gün Sirer as an advisor.

Bitcoin miner AgriFORCE recently announced a pivot towards Avalanche, aiming to raise $550 million to stockpile AVAX. The move led to a 200% spike in the firm’s stock price, attracting notable investors like Dragonfly Capital, ParaFi Capital, and VanEck. Despite AVAX trading flat, other assets like Bitcoin and Ethereum have seen substantial gains.

AVAX is currently down 1% at $30.23, trading flat for the week. Despite this, assets like Bitcoin, Ethereum, and Solana have seen significant gains. Avalanche Treasury Co.’s collaboration with Mountain Lake Acquisition Corp. is expected to bring institutional AVAX exposure and support from the Avalanche Foundation. The company aims to accelerate network development actively.

Read more at Yahoo Finance: Avalanche Treasury Co. Coming With Foundation Support via $675 Million SPAC Deal