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Avalanche’s ecosystem is set to welcome a major new player after Avalanche Treasury Co. revealed plans to go public through a $675 million SPAC merger with Mountain Lake Acquisition Corp.
If approved, the deal would mark one of the largest digital asset treasury listings ever, targeting institutions that want direct exposure to AVAX.
A $1B AVAX Ambition
At launch, the company expects to bring $460 million in treasury assets alongside a $200 million AVAX purchase agreement with the Avalanche Foundation. Over the longer term, it has set a goal of buying more than $1 billion worth of AVAX while also channeling capital into validator operations, partnerships, and Avalanche-based protocols. Investors will gain access at a 23% discount compared to acquiring tokens outright.
Traditional Finance Meets Avalanche
The project has pulled in backing from VanEck, Galaxy Digital, Pantera, Dragonfly, Kraken, and others, while trading services will be provided by FalconX. Leadership blends Wall Street veterans and crypto executives, with CEO Bart Smith – formerly of Susquehanna and AllianceBernstein – joined by Laine Litman and Budd White in senior roles.
Direct Ties to Ava Labs
To cement its role in the Avalanche ecosystem, the company has brought on Emin Gün Sirer, founder of Ava Labs, as a strategic advisor. Avalanche’s John Nahas will also join the board, alongside advisors like Aave founder Stani Kulechov. The combined entity is aiming for a Nasdaq debut in early 2026, pending regulatory approval.
By linking traditional capital with Avalanche’s core builders, AVAT is pitching itself as more than a passive holding vehicle. Instead, it plans to act as a public-market bridge for institutions seeking both exposure and influence within the AVAX ecosystem.
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