Avalanche Treasury Co. (AVAT) has announced a business combination of more than $ 675 million with Mountain Lake Acquisition Corp. (MLAC), preparing the scenario for what he expects to become a treasure of the ecosystem of $ 1 billion, the company said in a press release on Wednesday.
Backed by an exclusive agreement with the Avalanche Foundation, AVAT begins with a sale of token with a discount of $ 200 million and plans to list Nasdaq in early 2026, waiting for approval.
MLAC increases 2% of previous marketing. AVAX is flat in the last 24 hours, with a lower performance of a cryptocurrency cryptocurrency.
The company is launched with approximately $ 460 million in treasure assets, financed through private placement, and promises investors a discount point of entry of 0.77 times the value of net assets (MNAV), or approximately a brand of 23% compared to direct token purchases or ETF alternatives.
The CEO Bart Smith said the vehicle is designed to provide institutions more than passive exposure, framing it as an integrated partner in the Avalanche network.
The AVAT strategy aims to climb in a treasure of $ 1 billion 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 commercial director John Nahas will take a seat of the Board. The Advisory Board includes Dragonfly Haseb Qureshi, the BlockWorks CEO, Jason Yanowitz, and the founder of Aave Stani Kulechov.
The company has already drawn a wide mixture of institutional and crypto-national investors, including Dragonfly, Parafi, Vaneck, Galaxy Digital (GLXY), Panther, Coinfund, Kraken and others. Falconx will handle the execution and credit, while Monarq will administer the assets.
Smith, a Wall Street veteran with experience in Susquehanna and Allianbernstein, leads a team that includes Laine Litman, previously from Hidden Road and Virtu Financial, and Budd White, previously in Multisig Labs. They see the effort as a step beyond the traditional models of tokens accumulation, positioning Avat as an institutional access point and an institutional access point for the growth of the growth point for an institutional access point and an institution for an institutional access point and an institution for an institutional. Avalanche
The agreement, which is expected to close in the first quarter of 2026, reaches the regulators to provide clarity for the institutional adoption of cryptography, with Avalanche emerging as a favorite block chain for applications at business scale.
Financial Times reported last month that the Avalanche Foundation planned to raise $ 1 billion to create two cryptographic treasury companies.
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