Avalanche Treasury to list on Nasdaq as 'AVAT' via SPAC merger

Avalanche Treasury Co., a virtual asset financial management platform within the Avalanche ecosystem, is set to list on the U.S. Nasdaq under the ticker "AVAT" through a $675 million special-purpose acquisition company (SPAC) merger, Unfolded reported. In partnership with the Avalanche Foundation, the new entity holds 15 million AVAX, equivalent to 3.5% of the circulating supply. The company plans to actively invest these assets in the ecosystem's staking, infrastructure, and applications, rather than simply holding the tokens.