{"id":46969,"date":"2025-09-11T09:01:54","date_gmt":"2025-09-11T09:01:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=46969"},"modified":"2025-09-11T09:01:54","modified_gmt":"2025-09-11T09:01:54","slug":"avalanche-foundation-eyes-1b-raise-to-fund-two-crypto-treasury-companies-ft","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=46969","title":{"rendered":"Avalanche Foundation Eyes $1B Raise to Fund Two Crypto Treasury Companies: FT"},"content":{"rendered":"
\n

The Avalanche Foundation aims to raise $1 billion to create two crypto treasury companies holding millions of AVAX tokens, the Financial Times reported<\/a> on Thursday.<\/p>\n

The AVAX tokens would be bought from the foundation, the non-profit group that oversees the Avalanche blockchain, at a discounted price, according to the report, which cited people familiar with the matter.<\/p>\n

The foundation was in talks to raise up to $500 million through a private investment led by Hivemind Capital in an unidentified Nasdaq-listed company, with the aim of completing the deal by the end of the month, the FT said. Former White House press secretary Anthony Scaramucci was advising on the deal.<\/p>\n

A second deal would create an AVAX treasury company via a special purpose acquisition company (SPAC).<\/p>\n

There has been a plethora of publicly-listed companies<\/a> pivoting to a crypto treasury strategy this year, seeking to emulate the approach of Michael Saylor’s Strategy (MSTR) which now holds nearly 640,000 BTC ($73 billion).<\/p>\n

However, the cooling of the crypto bull market in August saw a lot of these companies’ shares take a hit<\/a>, which may have dimmed enthusiasm for the model.<\/p>\n

AVAX advanced nearly 8% in the last 24 hours, but has fallen around 2.1%<\/a> since midnight UTC, while the broader crypto market as measured by the CoinDesk 20 Index<\/a> is 0.65% higher.<\/p>\n

The Avalanche Foundation did not respond to CoinDesk’s request for further comment.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Avalanche Foundation aims to raise $1 billion to create two crypto treasury companies holding millions of AVAX tokens, the Financial Times reported on Thursday. The AVAX tokens would be bought from the foundation, the non-profit group that oversees the Avalanche blockchain, at a discounted price, according to the report, which cited people familiar with […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-46969","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/46969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46969"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/46969\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}