Avalanche Treasury to go public via a SPAC merger with Mountain Lake Acquisition in a $675m deal.

Avalanche Treasury, an ecosystem-aligned digital asset treasury company, agreed to go public via a SPAC merger with Mountain Lake Acquisition, a blank check company, in a $675m deal. "Many institutions have difficulty accessing digital assets or are limited to holding native tokens without yield or ecosystem integration. We created Avalanche Treasury Co. to offer something we believe will be more valuable than passive exposure. This is a public company launching as an active, strategic partner within the Avalanche network, offering a level of integration and alignment that investors have been demanding,” Bart Smith, AVAT CEO.