Avalanche Seeks $1B to Buy Discounted AVAX

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The post Avalanche Seeks $1B to Buy Discounted AVAX appeared first on Coinpedia Fintech News

Avalanche Foundation is working to set up two US crypto treasury companies and aiming to raise $1 billion for discounted AVAX purchases. The first, run by Hivemind Capital and advised by Anthony Scaramucci, targets $500 million through a Nasdaq-listed firm. The other, a $500 million SPAC backed by Dragonfly Capital, signals strong institutional momentum for expanding Avalanche’s token reserves.