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The Avalanche Foundation is in advanced conversations to set up two American digital asset treasury vehicles to collect around $ 1 billion that would buy millions of Avax directly from the foundation with a discount, according to to the financial time.
Avalanche Foundation’s $ 1 billion purchase plan
One vehicle, led by Hivemind Capital, would search for up to $ 500 million via a Nasdaq-Gentered company with Anthony Scaramucci advice; A second sponsored by Dragonfly Capital, would be a spac of $ 500 million. Known people said the deals could close within a few weeks; Hivemind confirmed that it was working on a deal, while the foundation refused to comment. Avax currently has a maximum stock of 720 million with around 420 million in circulation.
Digital asset treasury companies-public or listed vehicles attract capital to keep crypto on the balance shebben spread this year and has helped to stimulate new demand about tokens. Parallel to Avalanche’s efforts, Hong Kong’s Hashkey Group unveiled a $ 500 million fund this week that focuses on that strategies, which underlines institutional importance in standardized structures for collecting digital assets.
Market Sanitair is tightened at the same time. Nasdaq has moved to increase the research of companies that mainly buy stocks to buy crypto, a shift that has already put several “crypto -scale box” names under pressure and can delay time lines for some new formations. The exchange is looking for improved disclosures and in some cases shareholders vote for such capital increases.
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Scaramucci’s presence in the Avalanche course dates from today’s development. On August 19, Skybridge Capital said that the $ 300 million in Hedgefonds assets about Avalanche would to collaborate with Tokeny and Apex Group. “Toking our funds on Avalanche … represents an important step forward in modernizing the alternative investment landscape,” said Scaramucci at the time.
Avalanche has also praised traditional finances by Tokenization pilots and products in money market style. Vaneck, together with Securitize, launched a tokenized US Treasury Fund whose tokens exist on Avalanche in addition to other chains, part of a broader PUSH positioning of the Network for Capital Market uses that are referred to in the FT report.
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Dragonfly’s involvement follows earlier aviation financing. In December 2024, the Foundation collected $ 250 million via a locked token sale led by Galaxy Digital, Dragonfly and Parafi, who offer a precedent for large, structured Avax transactions supported by large crypto investors.
Does it affect Avax Price?
If completed as described by the FT, the two American vehicles would initially be acquired with a discount Avax held by the Foundation, with the first deal aimed at wrapping at the end of the month and the Spac later.
Because the transactions are carried out directly with the foundation, they will not move mechanical spot order books during the performance. The signaling of $ 1 billion in structured demand can still indirectly influence the price through positioning and liquidity-a effective effective float as tokens are locked or set or rallies if the inventory is later covered or distributed and demanded the Netto effect.
Avax traded at $ 28.72 at the time of the press.
Featured image made with dall.e, graph of tradingview.com
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