|
Getting your Trinity Audio player ready...
|
- Avalanche Treasury signs $675M merger with Mountain Lake to target $1B in AVAX.
- Deal includes $460M in assets, aiming for a Nasdaq listing by 2026.
- Rising network activity and RWA adoption fuel institutional interest in AVAX.
Stay ahead with real-time updates and insights—Join our Telegram channel!
Avalanche Treasury Co. (AVAT), in partnership with Mountain Lake Acquisition Corp. (Nasdaq: MLAC), has announced a $675 million business combination that could reshape institutional access to AVAX. The deal includes $460 million in treasury assets and sets the stage for a potential Nasdaq listing in early 2026.
A New Institutional Gateway for AVAX
AVAT’s goal is to create a $1 billion public investment vehicle, offering discounted exposure to AVAX compared to direct purchases or ETF alternatives. Unlike passive ETFs, the company will take an active role within the Avalanche ecosystem by funding projects, strengthening validator infrastructure, and supporting enterprise adoption of stablecoins and tokenized assets.
CEO Bart Smith emphasized the distinction: “This is a public company launching as an active, strategic partner within the Avalanche network, offering the kind of alignment investors have been demanding.”
The deal has already attracted major backers, including Galaxy Digital, Pantera Capital, VanEck, ParaFi, Kraken, and FalconX. Mountain Lake CEO Paul Grinberg added that AVAT’s mission stood out because it seeks to drive token utility, not just accumulate assets.
AVAX Network Growth Strengthens Case
The launch comes as Avalanche’s fundamentals show strong momentum. According to recent data, active addresses on the network have climbed 22% in the past month to more than 753,000, while transactions surged 201% to over 50 million.
Also Read: Avalanche (AVAX) Surges: Record Volume and Institutional Backing Point to $50 Target
Avalanche has also become a leading hub for real-world asset (RWA) tokenization, with $726 million invested—ranking it as the fourth-largest chain for RWAs after Ethereum, ZkSync, and Polygon. Analysts highlight its potential to integrate with existing financial infrastructure, enhancing settlement speed without replacing legacy systems like SWIFT or Fedwire.
A Turning Point for AVAX
Avalanche Treasury’s planned Nasdaq listing and $1B AVAX strategy could provide one of the most significant institutional entry points into the token to date. With rising network activity, a growing RWA footprint, and heavyweight backers, the initiative signals a new phase of mainstream adoption for Avalanche.
Stay ahead with real-time updates and insights—Join our Telegram channel!
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
