Key Takeaways:
- Avalanche Treasury Co. plans to merge with a SPAC and go public, aiming to acquire over $1 billion in AVAX tokens.
- The firm secured a discounted AVAX acquisition deal and intends to actively invest within the Avalanche ecosystem.
- The Nasdaq-listed entity expects to raise $460 million initially and operate under the ticker “AVAT” by Q1 2026.
Avalanche Treasury Co. has announced plans to acquire over $1 billion in AVAX tokens following its merger with Mountain Lake Acquisition Corp., a U.S.-based special purpose acquisition company (SPAC).
The $675 million deal is expected to close with the new entity listing on Nasdaq in early 2026 under the ticker “AVAT”, pending approvals.
Introducing Avalanche Treasury Co: the premiere way to get regulated AVAX exposure.
— Avalanche Treasury Co. (@avat_co) October 1, 2025
We’re the institutional growth engine for the @avax ecosystem, with an exclusive relationship with Avalanche itself.
Funding builders. Accelerating technologies. Bringing institutions to AVAX. pic.twitter.com/UST5jwCXjR
Emin Gün Sirer, founder of Ava Labs, will serve as an adviser, while Bart Smith, former crypto trading executive, will lead the company as CEO.
The project has drawn backing from major investors including Dragonfly, VanEck, Galaxy Digital, Pantera Capital, CoinFund, and Kraken.
The firm aims to become a key institutional player within the Avalanche ecosystem.
Beyond simply holding AVAX, Avalanche Treasury Co. plans to engage in protocol investments, support tokenized real-world assets and stablecoins, and establish its own validator infrastructure.
It will also acquire AVAX at discounted rates through an exclusive arrangement with the Avalanche Foundation, securing an 18-month priority window for U.S. treasury firms.
Following the announcement, AVAX surged briefly to $31.32, closing the day up 2.3%, reflecting market optimism about the move.
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