Avalanche Treasury Co. Plans $1B AVAX Purchase, Nasdaq Listing

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The price of AVAX jumped after Avalanche Treasury Co., a newly formed company, revealed plans to go public in the US and purchase over $1 billion worth of the token.

Avalanche Treasury Co. will merge with SPAC Mountain Lake Acquisition Corp. in a deal valued at more than $675 million. The combined company expects to list on Nasdaq in Q1 2026 under the ticker “AVAT,” pending regulatory and shareholder approval.

Emin Gün Sirer, founder and CEO of Ava Labs, will join as an adviser. Bart Smith, former CEO of Susquehanna Crypto, will lead as CEO. AVAX spiked to $31.32 after the announcement and remains up 2.3% in the past 24 hours, according to CoinGecko.

[jacson4]

AVAX price spiked after Avalanche Treasury Co. announced plans to go public via a $675M SPAC merger with Mountain Lake Acquisition Corp.
The firm aims to buy $1B+ in AVAX and list on Nasdaq (ticker: AVAT) in Q1 2026.

[EmTeam]

Insight: Avalanche Treasury Co.’s public listing and $1B AVAX purchase plan could drive major institutional attention and long-term demand for the token.