- Avalanche Treasury Co plans to buy over $1 billion in AVAX through a public listing set for early 2026.
- The company will merge with Mountain Lake and begin trading on Nasdaq under the ticker AVAT.
- Avalanche Treasury aims to support the AVAX network by investing in blockchain projects and tokenized assets.
Avalanche Treasury Co. will go public through a merger with Mountain Lake Acquisition Corp. The deal is valued at over $675 million. The combined company aims to list on Nasdaq in early 2026 under the ticker symbol “AVAT”. Regulatory and shareholder approval remain pending.
The company plans to hold over $1 billion in AVAX tokens. It will start with an initial capital raise of approximately $460 million. That amount includes $200 million already used to buy AVAX tokens at a discount.
The remaining value comes from Mountain Lake’s existing $230 million in assets. This merger marks another move by firms targeting crypto assets as treasury holdings.
Institutional Support Grows Around AVAX
A number of major investors backed the transaction. These include Dragonfly, Galaxy Digital, VanEck, Pantera Capital, CoinFund, and Kraken. Individual backers also joined, including Ava Labs co-founder Emin Gün Sirer. He will serve as an advisor to the new company.
AVAX rose more than 2% after the announcement. It reached an intraday high of $31.32 before retreating slightly. The token remains up more than 30% from September lows. Market interest in AVAX has increased throughout the past month.
Another firm, AgriFORCE Growing Systems, has also pivoted to AVAX . It plans to rebrand as AVAX One and acquire $700 million in tokens.
Strategy Focused on Active Blockchain Participation
Avalanche Treasury Co. will not limit itself to token holding. It plans to invest in key projects within the Avalanche ecosystem. This includes deploying capital into protocol investments and building validator infrastructure.
The company will help tokenize real-world assets and stablecoins on the Avalanche blockchain. It aims to support enterprises entering the blockchain space. The firm intends to generate revenue beyond just holding tokens.
The structure allows it to buy AVAX at around 0.77 times net asset value. This gives investors a 23% discount on current market prices. The company also has an 18-month priority window to buy AVAX from the Avalanche Foundation.
Leadership and Market Objectives Take Shape
Bart Smith, former CEO of Susquehanna Crypto, will lead Avalanche Treasury Co. He brings over two decades of financial experience. The advisory board includes experts from Aave, Dragonfly, and Blockworks.
The company aims to build long-term value by supporting the development of Avalanche-based projects. It plans to act as a growth driver for the ecosystem. The leadership believes active involvement will help grow the network and its own treasury.
Earlier this month, Bitwise filed for an Avalanche ETF with the SEC, offering direct AVAX exposure as institutional interest in crypto grows. Avalanche Treasury Co. joins a growing group of companies adopting digital asset treasury models focused on the AVAX ecosystem.
