TLDR:
- Avalanche Treasury Co. confirmed a spac agreement of $ 675 million with Mountain Lake, including $ 460 million in Treasury assets.
- Avat bought $ 200 million from AVAX at a discount and secured 18-month priority rights in token sales.
- The company is aimed at $ 1B in Avax Holdings after the list, with Nasdaq debut planned in early 2026.
- Emin Gün Sirer and Avalanche managers will advise AVAT as it distributes capital in adoption-driven strategies.
The Lavinskassan CO. (Avat) has entered a business combination valued at more than $ 675 million with Mountain Lake Acquisition Corp., a Nasdaq-listed Spac.
The deal comprises approximately $ 460 million in Treasury from equity financing and aims to create a public vehicle for AVAX exposure. Managers said that the structure will enable institutions to have access to avalanche more directly while avoiding the restrictions on passive ETFs.
The combined company expects to list in early 2026, pending the approval of the legislative and shareholder, according to a press release.
200 million $ AVAX Buy and discounted entry price
As part of the launch, Avat revealed a first $ 200 million AVAX purchase at a discount at the market price.
The agreement also grants the company’s 18-month priority rights for future token sales from the Avalanche Foundation to Us treasury. This installation is designed to speed up Avat’s accumulation strategy and place it as a leading holder of AVAX when the list is finished.
Wu Blockchain reported that the entrance point is priced at 0.77 times net asset value. That figure represents a 23 percent discount compared to buying AVAX directly or through exchange -traded alternatives. The company has stated its long -term goal is to build more than $ 1 billion in Avax Holdings after becoming public.
The transaction will bring in an advisory board that combines Wall Street backgrounds with crypto-in-born experience. Avalanche founder Emin Gün Sirer confirmed that he will serve as a strategic advisor and described Avat as a partner designed to strengthen token adoption and ecosystem growth.
Avalanche Chief Business Officer John Nahas will also join the Public Company Board and provides Avat Direct Input from the network’s leadership team.
Bart Smith, CEO of Avat, said institutions encounter obstacles when they have access to digital assets directly. He explained that a public structure allows investors to gain exposure while contributing to Avalances development. Smith added that the Treasury will not be limited to keep tokens but will distribute capital to targeted ecosystem initiatives.
Capital distribution strategy and ecosystem focus
According to dropAvat intends to use collected funds over three main pillar. The first involves protocol investments that can drive adoption and increase the activity on the chain.
The other focuses on partnership with companies that build tokenized assets, stablecoins and payment infrastructure. The third aims to provide validator resources and liquidity support for new institutional blockchains launched on Avalanche.
Paul Grinberg, CEO of Mountain Lake, said that the appeal of the transaction comes from Avat’s active mandate. He stated that the company’s strategy is to create token tools and adoption rather than relying on Simple accumulation. With the deal, Avalanche Avat positions as both an institutional entrance place and an adapted growth engine for its ecosystem.
