Blockchain Ecosystem
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Avalanche Treasury Co. to Merge with Mountain Lake Acquisition Corp. in $675M+ Deal, Aiming for $1B+ Ecosystem Treasury
Avalanche Treasury Co. (AVAT) will merge with Mountain Lake Acquisition Corp. (MLAC) in a deal exceeding $675 million, aiming for a Nasdaq listing in Q1 2026. AVAT will invest in the Avalanche ecosystem, managing a digital asset treasury exceeding $1 billion. The deal includes an exclusive agreement with the Avalanche Foundation and values AVAT at 0.77x mNAV, a 23% discount. The merger signifies growing institutional interest in Avalanche, with notable participation from various investors.
