Virtu Financial's 15min chart sees RSI overbought and KDJ death cross.
ByAinvest
Wednesday, Oct 8, 2025 9:47 am ET1min read
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The new entity, Avalanche Treasury Co. (AVAT), will start with approximately $460 million in treasury assets and has secured an exclusive $200 million discounted AVAX purchase allocation from the Avalanche Foundation. The company expects to offer investors a 23% discount compared to buying AVAX directly or through ETF alternatives, with a 0.77x mNAV entry point [1].
The merger has attracted backing from major investors including 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. The combined company is expected to begin trading on Nasdaq in early 2026, pending regulatory and shareholder approval [1].
Avalanche Treasury Co. announced a definitive merger agreement with Mountain Lake Acquisition Corp. on Wednesday, valued at over $675 million. The transaction represents a significant milestone for the crypto sector, highlighting the growing interest in crypto-aligned SPAC deals [1].
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According to Virtu Financial's 15-minute chart, the RSI has reached overbought levels and a KDJ death cross has occurred as of October 8th, 2025, at 9:45 AM. This indicates that the stock price has risen too quickly and is no longer supported by fundamental analysis, suggesting that the momentum is shifting towards the downside and may lead to further decreases in stock price.
Avalanche Treasury Co. and Mountain Lake Acquisition Corp. have announced a significant $675 million SPAC merger to create a public AVAX treasury company. The deal, one of the largest crypto-aligned SPAC transactions to date, aims to list on Nasdaq in early 2026 and build an AVAX treasury exceeding $1 billion over time [1].The new entity, Avalanche Treasury Co. (AVAT), will start with approximately $460 million in treasury assets and has secured an exclusive $200 million discounted AVAX purchase allocation from the Avalanche Foundation. The company expects to offer investors a 23% discount compared to buying AVAX directly or through ETF alternatives, with a 0.77x mNAV entry point [1].
The merger has attracted backing from major investors including 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. The combined company is expected to begin trading on Nasdaq in early 2026, pending regulatory and shareholder approval [1].
Avalanche Treasury Co. announced a definitive merger agreement with Mountain Lake Acquisition Corp. on Wednesday, valued at over $675 million. The transaction represents a significant milestone for the crypto sector, highlighting the growing interest in crypto-aligned SPAC deals [1].
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