According to the FT, the Avalanche Foundation is in talks with investors to establish two "digital asset treasury companies" in the United States, with plans to raise a total of $1 billion, which will be used to purchase millions of AVAX held by the foundation at a discount.
The first project, led by Hivemind Capital, aims to raise up to $500 million in a Nasdaq-listed company, with crypto investor and former White House press secretary Anthony Scaramucci as an advisor; the second project, launched by Dragonfly Capital, aims to raise up to $500 million.
Avalanche plans to raise $1 billion to establish a treasury company and buy AVAX at a discount.
2025-09-11 04:29:20
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