Avalanche Treasury Co. (Avat) announced a combination of companies with more than $ 675 million with Mountain Lake Acquisition Corp. (MLAC), opening the ground for what he hopes will become an ecosystem treasure of a billion dollars, the company said in a press release on Wednesday.
Supported by an exclusive arrangement with the Avalanche Foundation, Avat begins with a sale in Token at a reduced price of $ 200 million and plans to list on the Nasdaq at the beginning of 2026, pending approval.
MLAC is up 2% of pre-marketing. Avax is stable in the past 24 hours, underperforming a booming cryptography market.
The company is launching with around $ 460 million in cash workers, funded by private investment, and promises investors a reduced entry point by 0.77 times the value of the assets (MNAV), or almost 23% compared to purchases of direct token or alternatives ETF.
CEO Bart Smith said the vehicle is designed to give institutions more than a passive exhibition, by translating it as a partner integrated into the Avalanche network.
Avat’s strategy aims to transform into a billion dollars treasure by investing directly in the ecosystem, supporting the adoption of the protocol, chain business activity and institutional blockchain launches.
Emin Gün Sirer, founder of Ava Labs, will serve as a strategic advisor, while the director of affairs John Nahas will take a seat at the Commission. The advisory council includes Haseeb Qureshi de Dragonfly, CEO of Blockworks Jason Yanowitz and the founder of Aave Stani Kulechov.
The company has already drawn a large mixture of institutional and crypto-natif investors, notably Dragonfly, Parafi, Vaneck, Galaxy Digital (GLOX), Pantera, Coinfund, Kraken and others. Falconx will manage execution and credit, while Monarq will manage assets.
Smith, a veteran of Wall Street having an experience in Susquehanna and Alliancebenstein, conducts a team that includes Litman wool, formerly of Hidden Road and Virtu Financial, and Budd White, previously at Multisig Labs. They see the effort as a step beyond the models of accumulation of traditional tokens, positioning avat as an institutional access point and an engine for avalanche growth.
The agreement, which should conclude in the first quarter of 2026, comes as regulators approach the clarity of the adoption of institutional cryptography, an avalanche emerging as a privileged blockchain for applications on the scale of the company.
The Financial Times reported last month that the Avalanche Foundation planned to raise $ 1 billion to create two cryptographic cash companies.
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