Former Susquehanna executive Bart Smith is appointed CEO of Avalanche Treasury.
2025-10-02 01:00:24
On October 2nd, Bart Smith, the former head of the crypto division of Wall Street quantitative trading giant Susquehanna, has left to become the CEO of the newly established Avalanche Treasury Co. The company is valued at $671 million and plans to list on the Nasdaq through SPAC (Mountain Lake Acquisition Corp.) in the first quarter of 2026. Investors include Dragonfly, ParaFi, Pantera Capital and VanEck. The company has purchased $200 million tokens from the Avalanche Foundation at a discounted price and plans to hold more than $1 billion AVAX.
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