The CEO of Susquehanna Crypto leaves to lead $ 675 million avalanche Treasury Company

Nicknamed Avalanche Treasury Co., the company plans to make public on the Nasdaq in the first quarter of 2026 via an acquisition vehicle for special purposes, investors of Mountain Lake Acquisition Corp. which contributed to the collection of funds include the venture capital companies Crypto Dragonfly, Parafi and Pantera Capital. Vaneck, an asset manager who made significant investments in the crypto, has also invested.

The evaluation of $ 671 million in avalanche Treasury Co. comes from around $ 440 million in capital that it raised to investors added to around $ 230 million with which the acquisition vehicle had already been classified.

The members of the Board of Directors of the new company will include Rob Hadick, general partner of the Capital-Risque company of Crypto Dragonfly, and John Nahas, director of business of the developer of Blockchain Ava Labs. The company’s advisory council will add other Dragonfly partners, as well as familiar crypto names: Emin Gün Sirer, co -founder of Ava Labs; Stani Kulechov, founder of the Decentralized Aave -Centralized Finance Protocol; And Jason Yanowitz, co -founder of the Crypto Blockworks media company.

To begin with, the company bought $ 200 million in avalanche tokens to a delivery of the Avalanche Foundation, one of the main companies behind the eponymous blockchain. He plans to have more than a billion dollars in avalanche cryptocurrency once Avalanche Treasury Co., whose ticker will be avat, combines with his acquisition objective at the start of next year, according to a press release.

“One thing is very clear, it is that investors want to be exposed to blockchain technology and its prospects, and to date, they have not had a very good way to do so,” said Smith, who left her job at Susquehanna in early September to become CEO of the new company of Trensury Crypto Treasury.

This deluge

Inspired by Michael Saylor, whose software companies strategy has increased its Bitcoin Treasury to a market capitalization of nearly $ 100 billion, the digital asset treasures have emerged in the past year as a new cryptography sector. As a rule, they are trained by investors who take an already listed check or check and the loading of its cryptocurrency assessment. Supporters claim that the financial structure gives investors who hold actions of the new company to exposure to digital assets in a way that they were unable to achieve traditional brokerage accounts before. Detractors say that cash companies are a fashion.

The sector developed quickly and has evolved beyond the Bitcoin maintenance model. Certain treasury bills of digital assets, or dats, to emerge this year include companies that store Ethereum as well as more exotic cryptocurrencies such as Solana and XRP.

In fact, the next Treasury Co. avalanche is not even the first date to store avalanche. Last week, Agriforce Croved Systems, a small Bitcoin-Mineing-Miner company from girlfriend, announced that it would collect $ 550 million thanks to an offer of private Hivemind Capital shares and more than 50 other investors. As part of the agreement, Anthony Scaramucci, founder of the Skybridge Capital Investment Fund, agreed to join the company’s strategic advisory council, which plans to rename Avx One. (Avax is the avalanche cryptocurrency ticker.)

However, Smith, the CEO of the avalanche Treasury Co., believes that his next public company has an advantage: “I am very confident that we will be able to distinguish ourselves on the market.”