Avalanche Foundation-Supported Treasury Firm to become public by $ 675 million merger deal, focuses on $ 1 billion Avax Buy

Avalanche Treasury Co. (Avat), a dedicated Digital Asset Treasury Company that is designed to strengthen the Avalanche Ecosystem, will be public according to a Wednesday statement by a merger deal with Mountain Lake Acquisition Corp. (MLAC) with a value of more than $ 675 million.

The transaction comprises approximately $ 460 million in Treasury Assets Post -Private Placement Financing and is intended to create a leading public vehicle for Avax exposure. The combined company is expected to debut at Nasdaq in Q1 2026, pending approvals.

Avat works in close collaboration with the Avalanche Foundation and launches with an initial AVAX token purchase at a discount price with a discount and will have a priority of 18 months about the sale of Avalanche Foundation to American digital assets protection companies.

The structure provides exposure to a plural of 0.77x NAV, so that investors have a 23% cheaper access point than direct Avax or ETF alternatives.

“Many settings have difficulty gaining access to digital assets or are limited to retaining native tokens without yield or ecosystem integration. We have created Avalanche Treasury CO. to offer something that will be more valuable than passive exposure,” said Avat CEO Bart Smith.

The company wants to collect more than $ 1 billion in Avax after he has become public. AVA Labs -founder Emin Gün Sirer will serve as a strategic adviser, while Chief Business Officer John Nahas will join the board of the Public Company.

“We are very happy to welcome Avat in the avalanche ecosystem,” said Emin Gün Sirer. “I am honored to support them as a consultant. Their participation reflects the growing refinement and momentum that forms the future of Avalanche.”

According to Paul Grinberg, chairman and CEO of MLAC, the transaction reflects the confidence in Avat’s ability to perform on a scale through an experienced team and advisory group.

“The architecture of Avalanche meets real business needs in ways that other protocols simply do not,” said Grinberg. “What has attracted us to this transaction is the operational mandate of Avat and building a treasury that actively stimulates with usefulness and adoption, not just buying and keeping.”

The transaction made investments from large institutions, including Dragonfly, Parafi Capital, Vaneck, Falconx, Galaxy Digital, Pantera Capital, Coinfund, IMC, Kraken and others. Falconx will offer implementation and credit services, while Monarq will serve as an asset manager for Avat.

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