Avalanche Foundation is in talks to set up two U.S.-based “digital asset treasury” companies to raise $1 billion to buy discounted AVAX, according to the Financial Times. One vehicle, led by Hivemind Capital, seeks up to $500 million through a Nasdaq-listed firm with Anthony Scaramucci advising. A second initiative is a $500 million SPAC launched by Dragonfly Capital. The structure would allow discounted AVAX purchases and provide the foundation with significant capital via U.S. investment vehicles.