Another heavy hierarchy of Wall Street is diving into the encryption treasury. On Wednesday, a group of investors announced that it is planning to create a $ 671 million company for the storage of Avalanche Cryptocurrency. Bart Smith, the former head of the encryption arm of the Quantum Trade Company, will be the CEO.
Avalanche Treasury Co. , The company plans to the public on Nasdak In the first quarter of 2026 via a special purpose acquisition vehicle, among the investors at Mountain Lake Custition Corp who contributed to the collection of donations Crypto Venture Capitals Dragonfly, Parafi and Pantera Capital. Vaneck, the asset manager who has made significant investments in Crypto, also invested.
Avalanche Treasury Co. It costs $ 671 million from about $ 440 million of capital, which it raised from the added investors to approximately $ 230 million, which was already the acquisition vehicle.
The members of the Board of Directors of the new company ROB Hadick, the general partner of Crypto Venture Capital Dragonfly, John Nahas, chief official at Blockchain Developer Ava Labs. The company’s advisory council will add other partners from Dragonfly, along with some familiar encryption names: Emer Gün Sierer, Founder of Ava Labs; Stani Colichv, founder of the decentralized financing protocol. Jason Yanowitz, founder of Crypto Media Companyworks.
To start, the company bought 200 million dollars of Avalanche icons with a deduction from the Avalanche Foundation Foundation, one of the main companies behind Blockchain named. It plans to possess more than a billion dollars in the Cryptocurrency Avalanche as soon as the Avalanche Treasury Co. And that will be its characteristic, with the goal of acquisition at the beginning of next year, according to a press statement.
“It is very clear that investors want to be exposed to Blockchain technology and its prospects, and so far, they hadn’t had a good way to do this,” said Smith, who left his job in Susquehanna in early September.
This flood
Inspired by Michael Celor, which has grown the software strategy Bitcoin To the market value of approximately $ 100 billion, digital asset bonds appeared in the past year or so as a new hot encryption sector. It is usually formed by investors who are already taking a registered company or an empty examination company and downloading its public budget with the encrypted currency. Supporters say the financial structure gives investors who hold shares in the new company being exposed to digital assets in a way that they could not achieve through traditional mediation accounts. Critics say that the treasury companies heresy.
The sector has grown quickly and developed beyond the bitcoin contract model only. Some cabinet bonds include digital assets, or DATS, that this year it shows companies that store ETHEREUM in addition to more strange encrypted currencies such as Solana And xrp.
In fact, Avalanche Treasury Co. It is not even the first dat to store the collapse. Last week, Agriford Agriculture, a small bitcoin talisman company that turned into bitcoin technology, Declare It will collect $ 550 million through special shares offered by HIVEMIND CAPITAL and more than 50 other investors. As part of the deal, Anthony Scammochi, founder of the Skybridge Capital, agreed to join the company’s strategic advisory council, which plans to restore the brand to Avax One. (Avax is the Avalanche.)
However, Smith, CEO of Avalanche Treasury Co. believes. His next public company has an advantage: “I feel very confident that we will be able to distinguish between us in the market.”
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