BlockBeats report: On June 12, Avalanche Treasury, the treasury company of AVAX, listed on Nasdaq on Thursday under the ticker symbol AVAT. Previously, the company merged with Mountain Lake Acquisition via a SPAC transaction valued at $675 million. Avalanche Treasury’s core strategy is to actively allocate capital into infrastructure and applications within the Avalanche ecosystem, rather than holding only AVAX. The company currently holds approximately 15 million AVAX, representing about 3.5% of the circulating supply.
Avalanche Treasury Lists on Nasdaq with AVAT Ticker
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Summary
Avalanche Treasury, the AVAX treasury company, made on-chain news by listing on Nasdaq under the ticker AVAT. The company went public through a SPAC merger with Mountain Lake Acquisition at a $675 million valuation. Its strategy focuses on ecosystem growth through active capital allocation to Avalanche infrastructure and applications. The company holds approximately 15 million AVAX, or 3.5% of the circulating supply.
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