Avalanche Foundation seeks $1B for AVAX treasury companies
The Avalanche Foundation is aiming to raise $1 billion to create two crypto treasury companies that would hold millions of AVAX tokens.
The tokens would be purchased directly from the foundation at a discounted price, giving investors exposure to AVAX through corporate treasury vehicles, reports CoinDesk.
The plan mirrors the growing trend of publicly listed firms pivoting to crypto treasury strategies, inspired by Michael Saylor’s Strategy (MSTR), which now controls nearly 640,000 BTC worth $73 billion.
Dual fundraising strategy in play
The first deal involves raising up to $500 million through a private investment led by Hivemind Capital into an unnamed Nasdaq-listed company, with a target completion date by the end of the month. Former White House press secretary Anthony Scaramucci is reportedly advising on the transaction. A second deal would establish another AVAX treasury company through a special purpose acquisition company (SPAC). Together, these vehicles are designed to broaden institutional participation in Avalanche and reinforce AVAX as a treasury-grade digital asset.
Mixed backdrop for corporate crypto treasuries
The fundraising effort comes during a mixed period for treasury-driven crypto strategies. While the model has gained traction throughout 2025, a slowdown in the bull market in August dented enthusiasm, with shares of several crypto treasury firms falling sharply. Despite this, Avalanche is betting that institutional-grade treasury structures will create long-term demand for AVAX.
The token rose nearly 8% in the past 24 hours but has slipped about 2.1% since midnight UTC, underperforming the broader CoinDesk 20 Index, which is up 0.65%. Whether Avalanche can replicate the success of Strategy’s Bitcoin play remains uncertain, but the foundation is clearly positioning AVAX as a key reserve asset for the next phase of crypto adoption.
Recently we wrote that Avalanche (AVAX) is trading at $28.82, above the MA-20 at $25.02, MA-50 at $24.16, and MA-200 at $21.44, confirming strength across short-, medium-, and long-term trends.
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