Avalanche Treasury Co. will begin trading on the Nasdaq under the ticker AVAT

Odaily Planet Daily News: Avalanche Treasury Co. will begin trading on the Nasdaq on Thursday under the ticker AVAT. The company, led by Bart Smith, a former executive at Susquehanna and AllianceBernstein, aims to accelerate the adoption and growth of the Avalanche ecosystem by allocating capital to the infrastructure and applications on the Avalanche network.

The company previously merged with blank-check company Mountain Lake Acquisition Corp. in a $675 million deal. Currently, the Avalanche network hosts approximately 550 projects, with tokenized real-world assets exceeding $1.3 billion. Avalanche Treasury Co. holds about 15 million AVAX tokens, representing roughly 3.5% of the circulating supply. (CNBC)