Avalanche plans to raise $1 billion to build a treasury company and purchase AVAX at a discount

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 AVAX held by the Foundation for discounts. The first project is led by Hivemind Capital, which 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.