CMC News

$AVAX Foundation Eyes $1B Raise for U.S. Treasury Companies

#Avalanche Foundation is pursuing $1 billion across two separate deals to establish cryptocurrency treasury companies in the United States. The layer-1 #blockchain's non-profit organization has entered advanced discussions with investors to launch these specialized vehicles.

According to Financial Times sources, one deal aims to raise up to $500 million through a private investment in a Nasdaq-traded company. Hivemind Capital leads this investment with advisory support from SkyBridge Capital founder Anthony Scaramucci, targeting closure by end of September.

The second deal involves a special purpose acquisition vehicle sponsored by Dragonfly Capital. This transaction also seeks $500 million and is expected to be completed in October. Both companies plan to purchase millions of $AVAX tokens at discounted prices from the foundation.

#CorporateTreasury investments have gained momentum as companies seek digital asset exposure. Asset Entities shareholders recently approved a merger with Vivek Ramaswamy's Strive Enterprises, transforming it into a $BTC-focused treasury company.

Major investment firms, including #BlackRock, Apollo, and Wellington Asset Management, currently utilize #Avalanche for testing fund tokenization. $AVAX climbed 10.17% in 24 hours to reach $29.11 following the treasury company news.

The foundation's strategy reflects growing institutional interest in blockchain infrastructure. These treasury vehicles could provide new liquidity sources while expanding $AVAX distribution among institutional investors.