Avalanche Treasury Co. Unveils $1B AVAX Accumulation Strategy, Valued at Over $675M

Avalanche Treasury Co. plans to accumulate up to $1 billion in AVAX tokens. The company will go public through a merger with Mountain Lake Acquisition Corp and start trading on Nasdaq under the ticker AVAT. CEO Bart Smith aims to direct capital to support the Avalanche ecosystem and empower builders. The treasury will purchase AVAX at a discounted rate from the Avalanche Foundation.

Avalanche Treasury Co. is set to go public via a special purpose acquisition company (SPAC) merger, aiming to accumulate up to $1 billion in AVAX tokens. The company plans to list on Nasdaq under the ticker AVAT in Q1 2026, subject to regulatory and shareholder approvals Avalanche Treasury Co. Eyes $1 Billion AVAX Holdings via SPAC Merger, May Pursue Nasdaq Listing^[1].

The SPAC merger will involve Mountain Lake Acquisition Corp., with the combined entity valued at over $675 million. CEO Bart Smith, who will lead Avalanche Treasury Co., intends to use the capital to support the Avalanche ecosystem and empower builders. The treasury will purchase AVAX at a discounted rate from the Avalanche Foundation Avalanche Treasury Co. Eyes $1 Billion AVAX Holdings via SPAC Merger, May Pursue Nasdaq Listing^[1].

Avalanche Treasury Co. plans to own more than $1 billion in AVAX after going public, with an initial treasury funded at approximately $460 million. The company expects to engage in active on-chain strategies, including targeted protocol investments, tokenization initiatives for real-world assets and stablecoins, and building validator infrastructure Avalanche Treasury Co. Eyes $1 Billion AVAX Holdings via SPAC Merger, May Pursue Nasdaq Listing^[1].

The SPAC deal is backed by notable venture firms and market participants such as Dragonfly, VanEck, FalconX, Monarq, Galaxy Digital, Pantera Capital, CoinFund, and Kraken Avalanche Treasury Co. Eyes $1 Billion AVAX Holdings via SPAC Merger, May Pursue Nasdaq Listing^[1]. Emin Gün Sirer, founder and CEO of Ava Labs, will join Avalanche Treasury Co. as an adviser.

The planned acquisition of AVAX tokens could reduce circulating supply and provide a predictable buyer in secondary markets, potentially supporting price stability. The announcement of the merger coincided with a short-term AVAX price uplift Avalanche Treasury Co. Eyes $1 Billion AVAX Holdings via SPAC Merger, May Pursue Nasdaq Listing^[1].

The initial AVAX purchase will be at a discount to market price, with an 18-month priority on Avalanche Foundation sales to U.S. treasury companies. The target multiple of net asset value (mNAV) is 0.77, representing a roughly 23% discount relative to buying AVAX directly Avalanche Treasury Co. Eyes $1 Billion AVAX Holdings via SPAC Merger, May Pursue Nasdaq Listing^[1].