The Avalanche Foundation is pursuing a $1 billion capital raise through U.S. corporate treasuries, with two $500 million deals in progress. These deals are spearheaded by Hivemind Capital Partners and supported by SkyBridge Capital, involving a Nasdaq-listed company and a SPAC. The initiative focuses on acquiring AVAX from foundation reserves to secure long-term holdings.
This strategic move aims to enhance infrastructure growth and ensure compliance with MiCA regulations, ultimately increasing on-chain accessibility for major banks. As capital gains tax regulations evolve, Avalanche positions itself for expanded institutional adoption.
Avalanche Foundation Seeks $1 Billion via U.S. Corporate Treasuries
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