US EditionAnthony Scaramucci-Supported Avalanche Network Reportedly Raising $1 Billion For AVAX-Focused Crypto Treasury
The Avalanche Foundation is raising $1 billion through two U.S. crypto treasury firms advised by Anthony Scaramucci to buy millions of AVAX tokens at a discount.
- The Avalanche Foundation is raising $1 billion to create two U.S.-based crypto treasury companies that will buy millions of AVAX tokens at a discount.
- This initiative follows broader industry trends toward regulated institutional crypto involvement and reflects talks led by Hivemind Capital and Dragonfly Capital with Anthony Scaramucci advising.
- The first transaction, led by Hivemind Capital, seeks to secure as much as $500 million via a private investment and is anticipated to finalize by month’s end, whereas the second SPAC-related agreement aims for a comparable funding amount, with closure expected by October.
- Following the announcement, AVAX surged over 10% in a day to trade around $29.11, marking a 16.4% increase in the past week amid rising institutional interest.
- This fundraising effort could strengthen AVAX’s market position by increasing demand, legitimacy, and setting a precedent for large-scale crypto treasuries within U.S. financial frameworks.
28 Articles
28 Articles
Anthony Scaramucci-Supported Avalanche Network Reportedly Raising $1 Billion For AVAX-Focused Crypto Treasury
The Avalanche (CRYPTO: AVAX) Foundation, a non-profit organization dedicated to advancing the namesake blockchain, plans to establish two cryptocurrency treasury companies in the U.S., according to a report published Wednesday. An AVAX Treasury Worth A Billion? The Foundation is in the final stages of discussions with investors to launch a digital asset treasury company and transform another into a similar entity, reported the Financial Times, c…
Avalanche Pursues $1 Billion for U.S. Treasury-Focused AVAX Firms
Avalanche plans two U.S. treasury vehicles to raise $1B led by Hivemind and Dragonfly. AVAX traded at $28.90 with $12.2B market cap and $1.33B 24-hour volume. Institutions like BlackRock and Apollo tested tokenized funds on Avalanche’s network. The Avalanche Foundation is seeking to raise $1 billion to establish cryptocurrency-focused treasury companies in the United States. According to a report by Financial Times, the initiative involves two s…
Avalanche (AVAX) Hits 7-Month High After Key Resistance Breakout – Analysts Eyes $40 Next - Coin Surges
Avalanche (AVAX) has reclaimed a crucial level as support after its recent rally, fueled by multiple bullish developments for the ecosystem. Some analysts forecast a massive rally toward the start-of-year highs if the momentum holds. Avalanche Eyes 35%-40% Rally On Thursday, Avalanche hit a seven-month high of $29.99 after breaking out of its multi-month accumulation range and turning the $26.50 resistance into support for the first time since F…
Avalanche Foundation eyes $1B raise – Will AVAX hold $30?
The post Avalanche Foundation eyes $1B raise – Will AVAX hold $30? appeared on BitcoinEthereumNews.com. Key Takeaways Avalanche Foundation aims to raise $1 billion for crypto treasury Companies. AVAX surged 10.93% to a 9-month high of $29.5 before retracing to $28.69 at press time. Avalanche [AVAX] continued with its week-long price discovery and completed a breakout. In fact, the altcoin surged 10.93% to a 9-month high of $29.5 before retracing…
Avalanche Targets $1 Billion Fundraising Goal For Two AVAX Treasuries
The Avalanche Foundation, a non-profit organization that supports the Avalanche (AVAX) blockchain ecosystem, is reportedly seeking to raise $1 billion through a major fundraising campaign to create two AVAX treasuries. This initiative aligns with a broader trend in the cryptocurrency space, where various organizations and traditional finance firms are experimenting with crypto treasury models to strengthen their financial stability and operatio…
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