Avalanche Treasury Co. Announces $675M Deal to Build $1B AVAX Pool

Avalanche Treasury signs $675M deal to create a $1B AVAX investment vehicle, backed by Galaxy, Pantera, and VanEck, with a Nasdaq listing planned.

Avalanche Treasury Co. (AVAT) has signed a $675 million deal with Mountain Lake Acquisition Corp. 

The deal aims to create a major public investment vehicle for AVAX. AVAT plans to acquire over $1 billion worth of AVAX tokens, targeting institutional investors. This move will help further establish Avalanche’s presence in the crypto market, with a potential Nasdaq listing in 2026.

The $675M Avalanche Deal and Nasdaq Listing Plans

Avalanche Treasury’s agreement with Mountain Lake Acquisition Corp. includes a total of $675 million. Out of this, $460 million will be in treasury assets.

As part of this deal, AVAT plans to list on Nasdaq by early 2026, pending approval. The company’s goal is to raise over $1 billion in AVAX tokens through this listing, offering institutions a structured way to invest.

🔺 HUGE: Avalanche Treasury Co. plans to buy $1 billion worth of $AVAX pic.twitter.com/qfQKmyt4iN

— Marc Shawn Brown (@MarcShawnBrown) October 2, 2025

CEO Bart Smith emphasized that the company’s strategy goes beyond passive exposure to AVAX. “We aim to be an active partner in the Avalanche network,” he said. This approach will allow AVAT to provide greater integration with the ecosystem, helping investors align with Avalanche’s long-term goals.

Institutional Backing from Major Players

Avalanche Treasury has secured strong backing from several major institutions. These include Galaxy Digital, Pantera Capital, VanEck, Kraken, and FalconX. The support from these respected firms adds credibility to the venture and signals confidence in Avalanche’s future.

Avalanche Treasury to merge with SPAC in $675M deal, targeting $1B AVAX stash. Plans $200M initial buy at 23% discount and 18-month exclusive Foundation sales rights. Backed by top institutions. Positive for Avalanche but execution and market risks remain.

— Nifty (@nifty0x) October 2, 2025

Mountain Lake’s CEO, Paul Grinberg, highlighted AVAT’s active role in the Avalanche network. 

“AVAT’s focus on driving token utility and adoption was a key reason for our involvement,” he said. 

Unlike traditional investment vehicles, AVAT will focus on more than just holding AVAX; it will actively work to enhance the token’s utility.

Avalanche’s Growing Network and Rising Institutional Interest

Avalanche’s network activity has been steadily increasing, which supports the timing of this deal.

In the past month, active addresses grew by 22%, reaching over 753,000. Additionally, transactions on the network surged by 201%, surpassing 50 million.

The Avalanche blockchain has also seen significant investments in tokenizing real-world assets. 

With $726 million invested, it now ranks as the fourth-largest platform for tokenized assets. This growing interest from both retail and institutional investors adds value to the AVAX token and strengthens the ecosystem.

Avalanche Treasury’s strategy aligns well with the increasing demand for AVAX. By actively investing in the network and creating new opportunities for institutional exposure, AVAT aims to drive long-term growth for both its investors and the Avalanche network.