Avalanche isn’t chasing headlines it’s chasing history. The foundation is in advanced talks to raise up to $1 billion through two U.S. based treasury vehicles, each designed to buy AVAX directly from its reserves. The goal? To create a massive on-chain treasury that anchors institutional trust in the Avalanche ecosystem.
The first part of the plan comes through Hivemind Capital, with Anthony Scaramucci advising. Together, they’re turning a Nasdaq listed company into an Avalanche-aligned treasury firm aimed at raising about $500 million.
The second part is a SPAC deal led by Dragonfly Capital. Through a $675 million merger with Mountain Lake Acquisition Corp., the new Avalanche Treasury Co. will go public on Nasdaq by 2026. It’ll start by purchasing $200 million in AVAX at a discount, with the goal of eventually holding $1 billion in assets.
These aren’t open market buys. Both vehicles will acquire tokens directly from the foundation to avoid volatility and attract institutional players with a long-term outlook. The discount rate and vesting terms are still under wraps, but they’ll determine how much market pressure the plan creates.
Avalanche’s ambition is clear it wants AVAX to become more than just a network token it wants it to be a reserve-grade asset for the age of tokenized finance. With traditional markets moving toward blockchain based capital structures, this move positions Avalanche right in the middle of that transition.
Of course, there’s risk. If the deals drag or fall apart, momentum could fade. If discounted tokens flood exchanges, prices could dip. And U.S. regulatory uncertainty still looms large. But for now, sentiment is strong AVAX climbed 10% after the announcement, backed by big names like Hivemind, Dragonfly, Galaxy Digital, VanEck, and Kraken.
While other blockchains chase hype, Avalanche is building a foundation literally. It’s positioning itself as the chain for capital markets: structured, compliant, and built to last. If the plan works, Avalanche could pioneer the first billion dollar on-chain treasury one that bridges traditional finance with crypto’s decentralized future.
It’s not trying to go viral. It’s trying to go institutional. And that shift might just make all the difference.
