AVAX Surges as Avalanche Treasury Co. Plans $1B Token Purchase and Public Listing

AVAX, the native token of the Avalanche blockchain, climbed sharply on Wednesday following the announcement of a public listing and major token purchase by Avalanche Treasury Co., a new entity formed to back the ￰0￱ Takeaways: Avalanche Treasury ￰1￱ to buy $1 billion in AVAX, starting with $460 million in initial ￰2￱ company will go public via a $675M SPAC deal and list on Nasdaq under the ticker “AVAT” in ￰3￱ has secured a priority deal with the Avalanche Foundation for discounted AVAX token ￰4￱ company revealed it will merge with Mountain Lake Acquisition Corp. , a special purpose acquisition company (SPAC), in a $675 million ￰5￱ merger sets the stage for Avalanche Treasury ￰6￱ debut on the Nasdaq under the ticker “AVAT” in early 2026, pending regulatory and shareholder ￰7￱ Treasury Kicks Off $1B AVAX Buy with $460M in Initial Funds At the heart of the strategy is a $1 billion AVAX acquisition ￰8￱ company says its initial capital raise will contribute roughly $460 million in treasury assets, with the rest expected to follow after ￰9￱ firm claims an exclusive partnership with the Avalanche Foundation, giving it early access to discounted token ￰10￱ responded positively to the news, hitting $31.32 intraday before settling slightly ￰11￱ of Thursday morning, the token remained up 2.3% over 24 hours, according to ￰12￱ Treasury ￰13￱ the second dedicated treasury vehicle formed around the Avalanche ￰14￱ leadership includes former Susquehanna Crypto head Bart Smith as CEO and Avalanche creator Emin Gün Sirer as a company ￰15￱ the venture are major crypto investors including Pantera Capital, Galaxy Digital, VanEck, CoinFund, Dragonfly, FalconX, Kraken, and ￰16￱ company isn’t stopping at token ￰17￱ plans to participate actively in the Avalanche ecosystem through protocol investments, validator infrastructure, and supporting tokenization projects.

“Many institutions struggle to access or benefit from digital assets,” Smith said. “We’re building something more dynamic than just holding AVAX.” Introducing Avalanche Treasury Co: the premiere way to get regulated AVAX exposure. We’re the institutional growth engine for the @avax ecosystem, with an exclusive relationship with Avalanche ￰18￱ ￰19￱ ￰20￱ institutions to ￰21￱ — Avalanche Treasury Co. (@avat_co) October 1, 2025 The structure reflects a growing trend of companies rebranding or pivoting to digital asset ￰22￱ month, AgriFORCE Growing Systems announced plans to rename itself AVAX One and purchase $700 million worth of AVAX ￰23￱ Treasury ￰24￱ announced it would receive an 18-month priority window for future AVAX token sales by the Avalanche Foundation, further reinforcing its strategic ￰25￱ firm says it will purchase AVAX at a discount, claiming a 0.77 mNAV, roughly 23% below market ￰26￱ Treasury Craze Unravels as Firms Turn to Debt-Fueled Buybacks The crypto treasury strategy that gained traction among small-cap firms in 2024 is beginning to unravel, with several companies now launching debt-funded share buybacks to counter plunging stock ￰27￱ least seven firms, including those in gaming, biotech, and EV sectors, are now trading below the value of their crypto holdings, raising red flags among investors and ￰28￱ say the tactic signals desperation and a departure from the original idea that crypto appreciation alone would drive shareholder ￰29￱ cases include ETHZilla (formerly 180 Life Sciences), which saw its stock drop 76% despite accumulating ether and ￰30￱ company recently secured $80 million in debt to finance a $250 million buyback.

Meanwhile, Empery Digital (formerly Volcon) holds $476 million in BTC but has a market cap of just $378 million, prompting it to expand its debt facility for similar repurchases. A recent report from K33 Research reveals that 25% of public companies holding Bitcoin now trade at market values below the worth of their BTC holdings, highlighting a sharp drop in investor confidence.