Avalanche Treasury Merges With Mountain Lake in $675M Deal

Avalanche Treasury Joins Forces With Mountain Lake in $675 Million Merger Avalanche Treasury ￰0￱ announced a landmark merger with Mountain Lake Acquisition Corp. a deal valued at over $675 ￰1￱ are calling it one of the largest SPAC agreements involving cryptocurrency players to ￰2￱ merger marks a significant milestone for institutional access to AVAX and the broader Avalanche ￰3￱ agreement includes approximately $460 million in treasury assets and a $200 million discounted offer from the Avalanche Foundation to acquire ￰4￱ addition it provides a priority window for transactions with ￰5￱ ￰6￱ the Largest Institutional AVAX Platform The combined entity aims to become the largest publicly traded instrument for institutional investors seeking exposure to ￰7￱ project has received backing from top crypto investors and funds including Dragonfly

ParaFi Capital VanEck Galaxy Digital Pantera Capital

CoinFund and ￰8￱ will handle trading and lending services while Monarq will manage parts of the investment ￰9￱ Partners and Barclays acted as financial advisors for the transaction with Skadden and Davis Polk providing legal ￰10￱ Treasury (AVAT) shares are expected to start trading on Nasdaq in early ￰11￱ company plans to acquire over $1 billion worth of AVAX in the coming years

with additional investments earmarked for validator infrastructure protocols and corporate ￰12￱ and Advisory Board Avalanche Treasury CEO Bart Smith emphasized that the company’s mission is to offer investors active participation in the Avalanche ecosystem rather than passive token ￰13￱ will launch at 0.77x its net asset value (mNAV) giving investors a 23% discount compared to purchasing AVAX ￰14￱ leadership team includes Wall Street and crypto experts Lane Litman and Budd ￰15￱ Gün Sirer and John Nahas from Ava Labs

Stani Kulechov from Aave and Dragonfly partner Haseeb Qureshi will serve as advisors and board ￰16￱ merger underscores Avalanche’s commitment to building institutional infrastructure for digital asset ￰17￱ Treasury is positioned as a strategic partner of the network and a major public investment instrument within the ecosystem.