Avalanche Treasury Seals $675M Deal With Mountain Lake to Build $1B AVAX Vehicle
- Avalanche Treasury Co. has signed a $675 million agreement with Mountain Lake Acquisition Corp., which includes $460 million in treasury assets.
- The deal aims to create a public investment vehicle for AVAX worth over $1 billion, targeting a Nasdaq listing by early 2026.
- Backers include Galaxy Digital, Pantera Capital, and Kraken, highlighting strong institutional interest in the token.
- Active addresses on the AVAX network rose by 22% to over 753,000 in the last month, while transactions surged by 201% to exceed 50 million.
- Avalanche ranks as the fourth-largest chain for real-world assets with an investment of $726 million.
The Avalanche Treasury’s establishment comes amid rising institutional demand for AVAX, especially with recent ETF filings aimed at increasing exposure to this digital asset. The company’s strategy focuses on enhancing network activity and supporting enterprise adoption of stablecoins and real-world assets.
This initiative is set to provide discounted access to AVAX compared to traditional investment methods, reflecting a growing trend towards active participation in the ecosystem as evidenced by the increase in active addresses and transactions over the past month.
