According to the Financial Times, the Avalanche Foundation is reported to be planning a roughly $1 billion capital raise through the establishment of two U.S.-based cryptocurrency treasury vehicles. The initiative reportedly involves both the creation of a new digital-asset treasury company and the conversion of an existing Nasdaq-listed entity, with proceeds intended to enable the acquisition of AVAX tokens from the foundation at a discounted price.
Sources indicate one transaction is being led by Hivemind Capital, targeting up to $500 million within a Nasdaq-listed structure and naming Anthony Scaramucci as an advisor, while a second effort linked to Dragonfly Capital‘s SPAC aims to secure the remaining $500 million. These developments reflect reported discussions focused on treasury management and strategic digital-asset allocation.
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