Avalanche Treasury Co. and Mountain Lake Acquisition Corp. Announce $675 Million Deal
Avalanche Treasury Co. (AVAT) has partnered with Mountain Lake Acquisition Corp. (MLAC) to create a $675 million Avalanche-focused treasury. The deal includes about $460 million in treasury assets. It aims to build a leading public vehicle for exposure to AVAX, Avalanche’s native token.
The combined company plans to list on Nasdaq in the first quarter of 2026, subject to regulatory and shareholder approval. AVAT will start with a discounted AVAX purchase and receive an 18-month priority on Avalanche Foundation sales to U.S. treasury firms.
AVAT offers investors a 0.77x multiple of net asset value (mNAV), a 23% discount compared to direct AVAX purchases or passive ETFs. AVAT CEO Bart Smith said, “Many institutions have difficulty accessing digital assets or are limited to holding native tokens without yield or ecosystem integration. We created Avalanche Treasury Co. to offer something we believe will be more valuable than passive exposure.”
Investment Strategy and Advisory Board
AVAT plans to invest in projects that increase Avalanche’s adoption. It will support institutional-level blockchains and form partnerships for on-chain real-world assets and payment systems. The company aims to hold over $1 billion in AVAX after going public, becoming a major participant in the Avalanche ecosystem.
The advisory board includes experts from crypto and traditional finance. Members are Jason Yanowitz, Stani Kulechov, Emin Gün Sirer, and Haseeb Qureshi.
Leading firms supporting AVAT include Dragonfly, ParaFi Capital, VanEck, FalconX, Monarq, Galaxy Digital, Pantera Capital, and Kraken. Monarq will manage AVAT’s investments and treasury, while FalconX will provide trading and credit support.
MLAC CEO Paul Grinberg said, “Avalanche’s architecture addresses real enterprise needs in ways other protocols simply don’t.”
Avalanche’s Growing Ecosystem and Market Position
Avalanche is gaining traction among companies, banks, and governments as a blockchain solution. Its multi-layer 1 setup allows users to create custom blockchains that easily interoperate across the network.
Bitwise Europe recently launched the Avalanche Staking ETP on Deutsche Börse Xetra, providing AVAX exposure with staking rewards. According to CoinMarketCap, AVAX trades at $30.76, up 2.63% in 24 hours, with a $1.19 billion trading volume.
AVAT’s launch offers investors easier access to AVAX while supporting Avalanche’s ecosystem growth.
