Avalanche Treasury Brings $AVAX One to Nasdaq with AVAT Listing

Avalanche Treasury is set to trade on the Nasdaq under the stock code AVAT this Thursday, marking a significant milestone for the cryptocurrency and its associated token $AVAX.

The listing is made possible through a merger with Mountain Lake Acquisition, a SPAC deal worth $675 million when initially signed in October. The Avalanche Treasury holds roughly 15 million $AVAX, representing approximately 3.5% of the total circulating supply, with the goal of supporting growth and boosting utilization in specific sectors of the Avalanche economy.

Avalanche has been actively working to attract users beyond its traditional crypto audience, with a growing institutional list that includes notable names such as BlackRock, Franklin Templeton, Apollo Global Management, FIFA, and the state of Wyoming. The network boasts over 550 projects and more than $1.65 billion in tokenized real-world assets.