Avalanche Treasury Co. Coming With Foundation Support via $675 Million SPAC Deal

A new treasury company is spinning up with the goal of amassing a significant amount of Avalanche cryptocurrency, with support from the Avalanche Foundation. Avalanche Treasury Co. has announced a definitive business combination agreement with Mountain Lake Acquisition Corp. (Nasdaq: MLAC), creating a publicly traded company focused on institutional AVAX exposure. The transaction is valued at over $675 million and includes approximately $460 million in treasury assets, the companies said, with an expected N ...