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The Avalanche Foundation is planning to raise $1 billion to support a cryptocurrency treasury company.

2025.09.11 12:32:28

On September 11th, as reported by the Financial Times, the Avalanche Foundation is in the process of planning to raise approximately $1 billion by establishing two cryptocurrency treasury companies within the United States. The foundation has carried out in-depth discussions with investors regarding the establishment of a new digital asset treasury company and the transformation of an existing Nasdaq-listed company into a treasury company. The funds to be raised will be utilized to purchase a significant amount of AVAX tokens from the Avalanche Foundation at a discounted price. The first project is being led by Hivemind Capital and aims to raise up to $500 million in a Nasdaq-listed company, with cryptocurrency investor and former White House Press Secretary Anthony Scaramucci serving as an advisor. The second project is initiated by Dragonfly Capital's SPAC and is targeting another $500 million.
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The probability of the Fed keeping interest rates unchanged in April is 99.5%

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The current mainstream CEX, DEX funding rate indicates a weakening bearish sentiment in the market

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In the past 24 hours, the entire network has seen $133 million in liquidations, with both longs and shorts getting liquidated.

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