{"id":50738,"date":"2025-10-02T13:31:44","date_gmt":"2025-10-02T13:31:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=50738"},"modified":"2025-10-02T13:31:44","modified_gmt":"2025-10-02T13:31:44","slug":"avalanche-treasury-co-going-public-in-675m-spac-deal-backed-by-avax-ecosystem","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=50738","title":{"rendered":"Avalanche Treasury Co. Going Public in $675M SPAC Deal Backed by AVAX Ecosystem"},"content":{"rendered":"
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Avalanche Treasury Co. (AVAT) has announced a $675 million-plus business combination with Mountain Lake Acquisition Corp. (MLAC), setting the stage for what it hopes will become a $1 billion ecosystem treasury, the company said in a press release<\/a> Wednesday.<\/p>\n

Backed by an exclusive arrangement with the Avalanche Foundation, AVAT begins with a $200 million discounted token sale and plans to list on Nasdaq in early 2026, pending approval.<\/p>\n

MLAC is up 2% premarket. AVAX is flat over the past 24 hours, underperforming a surging crypto market.<\/p>\n

The company launches with about $460 million in treasury assets, funded through a private placement, and promises investors a discounted entry point of 0.77 times net asset value (mNAV), or roughly a 23% markdown compared with direct token purchases or ETF alternatives.<\/p>\n

CEO Bart Smith said the vehicle is designed to give institutions more than passive exposure, framing it as an integrated partner in the Avalanche network.<\/p>\n

AVAT\u2019s strategy aims to scale into a $1 billion treasury by investing in the ecosystem directly, supporting protocol adoption, on-chain enterprise activity, and institutional blockchain launches. <\/p>\n

Emin G\u00fcn Sirer, Ava Labs\u2019 founder, will serve as a strategic advisor, while Chief Business Officer John Nahas will take a board seat. The advisory board includes Dragonfly\u2019s Haseeb Qureshi, Blockworks CEO Jason Yanowitz, and Aave founder Stani Kulechov.<\/p>\n

The venture has already drawn a broad mix of institutional and crypto-native investors, including Dragonfly, ParaFi, VanEck, Galaxy Digital (GLXY), Pantera, CoinFund, Kraken, and others. FalconX will handle execution and credit, while Monarq will manage assets.<\/p>\n

Smith, a Wall Street veteran with experience at Susquehanna and AllianceBernstein, leads a team that includes Laine Litman, formerly of Hidden Road and Virtu Financial, and Budd White, previously at Multisig Labs. They see the effort as a step beyond traditional token accumulation models, positioning AVAT as both an institutional access point and an engine for Avalanche\u2019s growth.<\/p>\n

The deal, expected to close in the first quarter of 2026, arrives as regulators move closer to providing clarity for institutional crypto adoption, with Avalanche emerging as a favored blockchain for enterprise-scale applications.<\/p>\n

The Financial Times reported last month that the Avalanche Foundation was planning to raise $1 billion<\/a> to create two crypto treasury companies.<\/p>\n

Read more: Anthony Scaramucci Involved as AgriFORCE One Rebrands to an AVAX Treasury Company; Shares Rise 132%<\/span><\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Avalanche Treasury Co. (AVAT) has announced a $675 million-plus business combination with Mountain Lake Acquisition Corp. (MLAC), setting the stage for what it hopes will become a $1 billion ecosystem treasury, the company said in a press release Wednesday. Backed by an exclusive arrangement with the Avalanche Foundation, AVAT begins with a $200 million discounted […]<\/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-50738","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\/50738","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=50738"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/50738\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}