Avalanche Treasury Co. will launch through a blank-check merger next year, with the goal of buying over $1 billion worth of AVAX tokens. The price of AVAX, the native token of the Avalanche blockchain, jumped after a newly formed company announced its plans to go public in the US and purchase over $1 billion worth of the token.The company, Avalanche Treasury Co., said on Wednesday that it would merge with the special purpose acquisition company (SPAC) Mountain Lake Acquisition Corp. in a deal valued at over $675 million.The merged company expects to list on the Nasdaq in the first quarter of 2026 under the ticker symbol “AVAT,” subject to regulatory and shareholder approval. Read more Avalanche Treasury Co. will launch through a blank-check merger next year, with the goal of buying over $1 billion worth of AVAX tokens. The price of AVAX, the native token of the Avalanche blockchain, jumped after a newly formed company announced its plans to go public in the US and purchase over $1 billion worth of the token.The company, Avalanche Treasury Co., said on Wednesday that it would merge with the special purpose acquisition company (SPAC) Mountain Lake Acquisition Corp. in a deal valued at over $675 million.The merged company expects to list on the Nasdaq in the first quarter of 2026 under the ticker symbol “AVAT,” subject to regulatory and shareholder approval. Read more
Avalanche rises as treasury firm eyes $1B buy after SPAC deal
Avalanche Treasury Co. will launch through a blank-check merger next year, with the goal of buying over $1 billion worth of AVAX tokens.
The price of AVAX, the native token of the Avalanche blockchain, jumped after a newly formed company announced its plans to go public in the US and purchase over $1 billion worth of the token.
The company, Avalanche Treasury Co., said on Wednesday that it would merge with the special purpose acquisition company (SPAC) Mountain Lake Acquisition Corp. in a deal valued at over $675 million.
The merged company expects to list on the Nasdaq in the first quarter of 2026 under the ticker symbol “AVAT,” subject to regulatory and shareholder approval.
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