In a bold step bridging Wall Street and blockchain, Mountain Lake Acquisition Corp. announced plans to merge with Avalanche Treasury Co., a crypto treasury firm focused on the Avalanche ecosystem, in a $675 million SPAC deal guided by four powerhouse law firms.
The move is designed to create a publicly traded vehicle offering institutions streamlined access to Avalanche’s AVAX token — a leap that could make Avalanche Treasury Co. a cornerstone of the rapidly expanding crypto infrastructure.
AVAT to Debut on Nasdaq in 2026
Pending regulatory and shareholder approval, Avalanche Treasury Co. will list on the Nasdaq under ticker AVAT in the first quarter of 2026. The deal allocates roughly $460 million toward a crypto investment strategy centered on AVAX, including a discounted purchase agreement and a strategic partnership with Avalanche’s core developers.
According to the announcement, the newly formed company aims to hold over $1 billion worth of AVAX post-listing, positioning it as “a foundational partner in the growing ecosystem and a leading public vehicle for institutional AVAX exposure.”
