Avalanche Treasury Strikes $675M SPAC Deal to Build $1B AVAX Holdings

TLDR: Avalanche Treasury Co. confirmed a $675M SPAC deal with Mountain Lake, including $460M in treasury assets. AVAT purchased $200M worth of AVAX at a discount and secured 18-month priority rights on token sales. The company targets $1B in AVAX holdings post-listing, with Nasdaq debut planned in early 2026. Emin Gün Sirer and Avalanche executives [...]

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