Avalanche Treasury Co. (AVAT) is set to merge with Mountain Lake Acquisition Corp. in a $675 million deal. The company aims to create the largest public vehicle for institutional AVAX exposure with a $1 billion treasury.
Avalanche Treasury Co. to Build $1 Billion AVAX Treasury via New Merger
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AVAT Strikes $675 Million Merger With Mountain Lake Acquisition Corp.
Avalanche Treasury Co. (AVAT) has announced a definitive merger agreement with Mountain Lake Acquisition Corp. (Nasdaq: MLAC), valuing the business combination at more than $675 million.
The deal includes about $460 million in treasury assets and is designed to establish a leading public vehicle for institutional exposure to AVAX. The combined company expects to list on Nasdaq in Q1 2026, pending regulatory and shareholder approval.
“Many institutions have difficulty accessing digital assets or are limited to holding native tokens without yield or ecosystem integration. This is a public company launching as an active, strategic partner within the Avalanche network, offering a level of integration and alignment that investors have been demanding,” said AVAT CEO, Bart Smith.
As part of its launch, AVAT secured a $200 million discounted AVAX token purchase and an 18-month priority arrangement on Avalanche Foundation token sales. AVAT’s long-term goal is to build a $1 billion+ AVAX treasury, positioning itself as a cornerstone of the Avalanche ecosystem.
The deal has drawn strong crypto-native backing from Dragonfly, Parafi Capital, Vaneck, Galaxy Digital, Pantera Capital, Kraken, Coinfund, and others. In addition, FalconX will provide execution and credit services, with Monarq overseeing treasury asset management.
