Virtu Financial's 15min chart shows MACD Death Cross, Bollinger Bands Narrowing, and KDJ Death Cross.

According to Virtu Financial's 15-minute chart, the Moving Average Convergence Divergence (MACD) indicator has triggered a Death Cross, while the Bollinger Bands are narrowing and the Kinetick Dynamic Index (KDJ) indicator has also triggered a Death Cross at 10/08/2025 14:15. This suggests that the stock price has the potential to continue falling, with a decreasing magnitude of price fluctuations and a shift in momentum towards the downside, which could lead to further decreases in the stock price.

Avalanche Treasury Co. and Mountain Lake Acquisition Corp. have announced a significant merger, valued at over $675 million, marking one of the largest crypto-aligned SPAC transactions to date. The deal, which is set to create a public AVAX treasury company, is expected to list on Nasdaq in early 2026.

The combined company will start with approximately $460 million in treasury assets and has secured an exclusive $200 million discounted AVAX purchase allocation from the Avalanche Foundation. This allocation offers investors a 23% discount compared to buying AVAX directly or through ETF alternatives, with a 0.77x mNAV entry point.

The merger has attracted a diverse group of investors, including major players from both traditional finance and the crypto sector, such as Dragonfly, ParaFi Capital, VanEck, Galaxy Digital, Pantera Capital, CoinFund, and Kraken. FalconX will provide trading and credit services, while Monarq will manage portions of the treasury portfolio. PJT Partners and Barclays are serving as financial advisors, and Skadden and Davis Polk are providing legal counsel.

The new entity, known as AVAT, aims to position itself as a leading public vehicle for institutional exposure to the cryptocurrency. The company plans to deploy capital across multiple areas within the Avalanche ecosystem, including protocol investments, enterprise partnerships, and validator infrastructure. The leadership team combines Wall Street expertise with crypto industry knowledge, with CEO Bart Smith, COO Laine Litman, and CSO Budd White bringing significant experience to their roles.

AVAT has set a target of acquiring more than $1 billion worth of AVAX over time. The company's strategic advisor, Ava Labs founder Emin Gün Sirer, and Chief Business Officer John Nahas, who will take a seat on the public company board, are expected to play crucial roles in achieving this goal.

The merger has been well-received by the market, with Mountain Lake Acquisition Corp. up 2% in premarket trading following the announcement. However, the AVAX token prices remained flat over the 24-hour period following the announcement, suggesting a cautious approach by investors.

The deal is expected to close in the first quarter of 2026, pending regulatory and shareholder approval. As the crypto market continues to evolve, the success of AVAT will depend on its ability to navigate regulatory challenges and maintain strong relationships with key players in the industry.