Avalanche Treasury Co. Lists on Nasdaq Under AVAT

Avalanche Treasury Co., a company that supports adoption and growth across the Avalanche blockchain ecosystem, is set to trade on Nasdaq under the ticker AVAT. The listing comes after a merger with Mountain Lake Acquisition Corp. in a $675 million transaction first announced in October.

The company was created by Bart Smith, a former executive at Susquehanna and AllianceBernstein, to allocate capital into network infrastructure, applications, and related opportunities.

Avalanche Treasury Co. holds about 15 million AVAX tokens, equal to roughly 3.5% of circulating supply. The company's strategy differs from earlier crypto treasury firms that mainly held a single digital asset on the balance sheet as a proxy for token price exposure.