The Avalanche Foundation is in advanced discussions to establish two $1 billion digital asset treasury vehicles to acquire AVAX tokens directly from the foundation. These vehicles, led by Hivemind Capital and Dragonfly Capital, represent a significant institutional move into structured crypto accumulation. The deals could close within weeks, signaling growing institutional confidence in Avalanche’s ecosystem.
- Two separate $500M vehicles would acquire AVAX directly from foundation at discount, avoiding immediate market impact
- Anthony Scaramucci involved as advisor through Hivemind vehicle, building on previous SkyBridge tokenization partnership with Avalanche
- Nasdaq increasing disclosure requirements for companies raising capital primarily to buy crypto, potentially affecting future similar structures
📎 Related coverage from: newsbtc.com
