Avalanche is preparing a new step to attract institutional capital. The Avalanche Treasury company (AVAT), created with the support of the Avalanche Foundation, will merge with Mountain Lake Acquisition Corp. (MLAC) in a $675 million deal. After the merger is completed, AVAT plans to go public on Nasdaq in the first quarter of 2026.
The deal forms one of the largest AVAX instruments
The merger will create one of the largest public structures for investing in AVAX. As a result of the combination, about $640 million in treasury assets will be accumulated, which will serve as a base for future token purchases.
AVAT will have the right to purchase $200 million worth of AVAX at a reduced price. Moreover, for 18 months, the company will have the first opportunity to buy tokens directly from the Avalanche Foundation, giving investors an advantage — access to AVAX at about a 20% discount to the market price.
SPAC as a tool for going public
Mountain Lake Acquisition Corp. is a SPAC (special-purpose acquisition company) created specifically to take other businesses public through a merger. This mechanism allows for a faster listing process and capital raising.
After the deal is completed, AVAT will become a public company focused on asset management and the development of the Avalanche ecosystem. It has already managed to raise about $460 million from private investors.
Goal — to create a billion-dollar AVAX treasury
AVAT’s strategy is to build a treasury of more than $1 billion in AVAX and use it for long-term network support. The company highlights three areas of work:
- Protocol development. Investments in key components of the Avalanche blockchain.
- Collaboration with corporations. Interaction with large companies issuing tokens and stablecoins.
- Tokenization of real-world assets. Support for projects transferring real estate and financial products to blockchain format.
What’s next?
Listing on Nasdaq will be an important event for Avalanche. It will give institutional investors transparent access to AVAX through a public instrument. For the ecosystem, this means increased trust, expanded capitalization, and new opportunities for blockchain adoption.
Amid the trend of tokenizing real-world assets and demand for institutional products, the Avalanche treasury could become a key driver of AVAX growth in the coming years.
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