Avalanche Foundation has announced an ambitious plan to create a $1 billion treasury through deals with publicly listed companies.
Treasury Creation Plan
Reports suggest that the first phase will raise $500 million through a deal with a NASDAQ-listed firm, structured under Hivemind Capital. The second phase, coordinated by Dragonfly Capital, envisions the launch of a special-purpose acquisition company (SPAC) aiming for another $500 million by October. Together, these vehicles could position Avalanche as one of the largest assets in the digital asset space.
Avalanche's Strategic Shift
Once celebrated as a hub for blockchain gaming, Avalanche has gradually shifted its focus towards DeFi and broader financial infrastructure. The foundation's latest move signals a full-scale pivot: positioning Avalanche as a credible platform for global capital markets alongside Ethereum, Solana, and BNB Chain. Talks are reportedly underway with prominent names including BlackRock and Visa.
Market Reaction
Traders did not miss a beat. Following the news, AVAX climbed to $29.12, a level not seen in three months. The network has also drawn $30 million in net inflows on its C-Chain in the past month, while DeFi deployments like Aave and Euler continue to gain momentum. Avalanche's asset base has grown by around $2 billion during its recovery, although it remains well below the $9 billion it commanded at the 2021 peak.
Avalanche's $1 billion treasury plan underscores the project's ambition to become a serious player in capital markets and solidify its position in the digital asset world.
