AVAX Surges as Avalanche Treasury Co. Plans $1B Token Purchase and Public Listing

AVAX, the native token of the Avalanche blockchain, climbed sharply on Wednesday following the announcement of a public listing and major token purchase by Avalanche Treasury Co., a new entity formed to back the ecosystem. Key Takeaways: Avalanche Treasury Co. plans to buy $1 billion in AVAX, starting with $460 million in initial funds. The company will go public via a $675M SPAC deal and list on Nasdaq under the ticker “AVAT” in 2026. It has secured a priority deal with the Avalanche Foundation for ...