The Avalanche Foundation plans to establish a digital asset treasury with 1 billion USD to repurchase AVAX at a discount.

[Coin World] According to reports, the Avalanche Foundation is in talks with investors to establish two "digital asset treasury companies" in the United States, with a total fundraising plan of 1 billion USD. The funds will be used to purchase millions of AVAX held by the foundation at a discount. The first project is led by an investment firm and aims to raise up to 500 million USD among publicly listed companies on NASDAQ, with crypto investor and former White House press secretary Anthony Scaramucci serving as an advisor; the second project is initiated by another investment firm that is launching a SPAC, also targeting 500 million USD.

AVAX1.4%
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CountdownToBrokevip
· 11h ago
I am optimistic about the future of AVAX.
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DefiSecurityGuardvip
· 11h ago
AVAX buyback needs audit first.
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ChainDetectivevip
· 11h ago
This operation is really fierce.
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MEVHunterZhangvip
· 11h ago
A good show is about to begin.
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0xSleepDeprivedvip
· 11h ago
It's going to dilute the market capitalization again, right?
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