Avalanche plans to raise $1 billion to set up a treasury company and purchase AVAX at a discount
Source: CoinWorld
Time: 2025-09-11 12:27:57
According to Bijie.com, according to FT, the Avalanche Foundation is negotiating with investors to set up two "digital asset treasury companies" in the United States, planning to raise a total of US$1 billion, and the funds will be used to purchase millions of AVAXs held by the Foundation for a discount. The first project, led by Hivemind Capital, plans to raise up to $500 million in a Nasdaq-listed company, with crypto investor and former White House press secretary Anthony Scaramucci as an adviser; the second project is initiated by Dragonfly Capital, with a target of $500 million.