As per CryptoNinjas, the Avalanche Foundation is pursuing a $1 billion institutional capital raise through U.S. corporate treasuries. Two $500 million deals are in progress, led by Hivemind Capital Partners and backed by SkyBridge Capital, involving a Nasdaq-listed firm and a SPAC. The initiative aims to lock in long-term AVAX holdings by purchasing directly from foundation reserves, while also expanding infrastructure and on-chain accessibility for major banks.
Avalanche Foundation Aims to Secure $1B in Institutional Capital via U.S. Corporate Treasuries
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Summary
Avalanche Foundation is targeting a $1 billion institutional capital raise through U.S. corporate treasuries. Two $500 million deals are underway, led by Hivemind Capital Partners and backed by SkyBridge Capital, involving a Nasdaq-listed firm and a SPAC. The effort focuses on AVAX purchases from foundation reserves, aiming to lock in long-term holdings. The move also supports infrastructure growth and MiCA compliance, with the goal of boosting on-chain accessibility for major banks. As capital gains tax rules evolve, this strategy positions Avalanche for broader institutional adoption.
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