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Avalanche-Backed Treasury Firm Plans $675M Merger and $1B AVAX Purchase

Avalanche-Backed Treasury Firm Plans $675M Merger and $1B AVAX Purchase

Avalanche Treasury Co. merges with Mountain Lake Acquisition Corp. in a $675 million SPAC deal, targeting a $1 billion AVAX treasury and a Nasdaq listing in 2026.

AVAX

Fact Check
The statement is directly supported by a primary source (Source 7), which details an 'Avalanche Treasury Co.' planning a '$675M merger' with the goal of accumulating '$1B AVAX'. The '$1B' figure and the 'Avalanche treasury' concept are corroborated by another source (Source 6). While other sources provide conflicting monetary values or discuss different cryptocurrencies, the core claims of the statement are present in the evidence. The confidence score is not higher because the specific '$675M merger' figure relies on a single uncorroborated source.
    Reference: 123
Summary

Avalanche Treasury Co. (AVAT) is merging with Mountain Lake Acquisition Corp. (MLAC) in a $675 million deal to establish a $1 billion AVAX treasury. The merged entity plans to list on Nasdaq in 2026. The transaction includes a $200 million discounted token sale, with prominent investors like Dragonfly and Kraken backing the venture. The deal also aims to boost institutional access to Avalanche’s blockchain ecosystem.

Terms & Concepts
  • AVAX: The native cryptocurrency of the Avalanche blockchain, used for transactions, staking, and network governance.
  • SPAC (Special Purpose Acquisition Company): A publicly traded company created to merge with or acquire another business, enabling it to go public without a traditional IPO.
  • mNAV: Modified Net Asset Value, a valuation metric that adjusts NAV for certain conditions, used to evaluate investment entry pricing.