Avalanche Treasury has announced a merger with Mountain Lake Acquisition valued at over $675 million, aiming to create an institutional-grade vehicle centered on AVAX. The deal includes $460 million in projected treasury assets, a $200 million discounted AVAX allocation from the Avalanche Foundation, and equity exchanges. Following completion, the company intends to list on Nasdaq by early 2026, offering investors a publicly traded option to gain exposure to AVAX with an entry point approximately 23% below direct token purchases or ETF-like products.
The medium-term goal is to build a treasury exceeding $1 billion in AVAX, supported by an 18-month priority window for U.S.-based institutional investors. Capital raised will be deployed across protocol investments, validator infrastructure, and corporate partnerships, with FalconX, Monarq, PJT Partners, Barclays, Skadden, and Davis Polk involved in execution and advisory roles. Backing comes from major players including Dragonfly, ParaFi Capital, VanEck, Galaxy Digital, Pantera, CoinFund, and Kraken.
The leadership team combines Wall Street expertise with crypto-native experience, led by CEO Bart Smith, COO Laine Litman, and CSO Budd White. Strategic advisors include Emin Gün Sirer (Ava Labs), Stani Kulechov (Aave), and Haseeb Qureshi (Dragonfly). The roadmap highlights phased AVAX acquisitions and active ecosystem participation rather than passive asset holding.
Despite the scale of the announcement, AVAX’s immediate market reaction was muted, with the token trading at $30.56, down 0.8% in the last 24 hours at the time of reporting.