US EditionExclusive: Susquehanna crypto CEO departs to lead $675 million Avalanche treasury company
Avalanche Treasury Co. plans to hold over $1 billion in AVAX tokens after a $675 million SPAC deal that offers investors a 23% discounted entry to Avalanche exposure.
- On Oct. 1, Avalanche Treasury Co. announced a business combination with Nasdaq-listed Mountain Lake Acquisition Corp. valued at over $675 million, planning a Nasdaq listing under ticker AVAT.
- AVAT plans to build a $1 billion AVAX treasury after going public next year, having purchased $200 million of AVAX at a discount and secured 18-month priority sales rights from Avalanche Foundation.
- Financing details show an entry priced at 0.77x mNAV, including $460 million in treasury assets and a 23% discount compared to direct AVAX or ETFs.
- The transaction drew backing from major institutional and crypto-native firms, including Dragonfly Capital, VanEck, Galaxy Digital, and Pantera Capital, while AVAX price rose to an intraday high of $31.32.
- The filing cautions investors about regulatory and market risks, while AVAT plans to deploy capital through three strategic pillars to drive adoption and on-chain activity.
15 Articles
15 Articles
Avalanche Treasury Co. Announces $675 Million+ Business Combination with Mountain Lake Acquisition Corp. with Goal to Build $1 Billion+ Ecosystem Treasury
NEW YORK -- Avalanche Treasury Co. (AVAT), an ecosystem-aligned digital asset treasury company with an exclusive relationship with the Avalanche Foundation, today announced a definitive business combination agreement with Mountain Lake Acquisition Corp. (Nasdaq: MLAC) valued at over $675 million. The transaction includes approximately $460 million in treasury assets and is designed to create a leading public vehicle for AVAX exposure. The combin…
Exclusive: Susquehanna crypto CEO departs to lead $675 million Avalanche treasury company
Another heavy hitter from Wall Street is diving into the crypto treasury craze. On Wednesday, a group of investors announced that it plans to establish a $671 million company dedicated to stockpiling the cryptocurrency Avalanche. Bart Smith, the former head of the crypto arm of the quantitative trading firm Susquehanna, will be CEO. Dubbed Avalanche Treasury Co., the company plans to go public on the Nasdaq in the first quarter of 2026 via a spe…
Avalanche Foundation Backs Million-Dollar Deal to Create an AVAX Investment Vehicle - The Cryptocurrency Post
The Avalanche Foundation has announced its support for a key strategic move for the ecosystem. This involves an Avalanche Treasury SPAC deal valued at over $675 million. This agreement will facilitate the merger of Avalanche Treasury Co. (AVAT) with Mountain Lake Acquisition Corp. (MLAC). The announcement, originating from a company press release, marks a major milestone for institutional exposure to the AVAX token. This investment vehicle is po…
Avalanche Treasury Co. to Go Public in $675M SPAC Deal, Plans to Buy Over $1B in AVAX
Key highlights: Avalanche Treasury Co. (AVAT) announces a $675M SPAC merger with plans to list on Nasdaq in early 2026. AVAT targets over $1 billion in AVAX acquisitions, offering investors a 23% discount via a 0.77x mNAV entry point. Backed by leading crypto and traditional finance firms, AVAT aims to act as an active strategic vehicle in the Avalanche ecosystem. Trade Crypto on Kraken Avalanche Treasury Co, a newly formed digital asset trea…
Avalanche Treasury Bags $675M SPAC Deal to Boost Access to AVAX
Avalanche Treasury recently announced a business combination with Mountain Lake Acquisition Corp., valuing the deal at more than $675 million The post Avalanche Treasury Bags $675M SPAC Deal to Boost Access to AVAX appeared first on TheCoinrise.com.
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