Avalanche Ready to Form AVAX Treasury Company with $1 Billion in Funds
Jakarta, Pintu News – The Avalanche Foundation plans to raise $1 billion to buy millions of AVAX tokens at a discount. The organization is in talks with several investors to set up two treasury companies in the United States in the coming weeks.
Introduction of New Strategy
According to a report from the Financial Times, the Avalanche Foundation, the non-profit organization behind the AVAX token , is preparing to establish two companies focused on crypto assets. One will serve as a “digital asset treasury” company, while the other will be transformed into a vehicle with a similar focus.
Currently, Avalanche is in discussions with several investment firms to raise around $1 billion to purchase millions of AVAX tokens which will then be held by the foundation at a “discounted price”.
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Collaboration with Hivemind Capital
The first project will be led by web3 investment firm Hivemind Capital. The collaboration between the two firms is expected to raise up to $500 million from Nasdaq-listed companies. Renowned crypto investor and former White House Press Secretary, Anthony Scaramucci, will act as an advisor in this deal.
According to sources, the first deal is scheduled to be finalized by the end of this month. Neither the Avalanche nor Scaramucci have responded to requests for comment from the Financial Times.
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Second Deal with Dragonfly Capital
Meanwhile, the second deal will be executed through a special purpose acquisition vehicle sponsored by another firm, Dragonfly Capital. Similar to the first deal, the fundraising target is also up to $500 million.
However, this second deal will take longer to close; close sources told the FT that the deal will be finalized by October this year at the latest.
The plan to acquire $1 billion worth of AVAX by its parent foundation comes amid a sharp drop in the share prices of many crypto treasury companies such as Metaplanet, Strategy, and others.
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AVAX Price Analysis: Is AVAX Performing Well?
According to data from TradingView, in the past hour, the Avalanche token has jumped from the mid-$25 range to slightly above $29. This rise marks a clear break from the relatively flat price action seen in early September, where AVAX consolidated between $24 and $26.
The sharp upward momentum indicates renewed buying interest. Increased investor confidence is likely fueled by recent news of the Avalanche Foundation’s plan to buy back tokens to establish a crypto treasury company in the US.
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Reference
- Crypto News. Avalanche to Establish AVAX Treasury Company with $1B. Accessed on September 12, 2025
- Featured Image: The Merkite News
