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The Avalanche Foundation is reportedly in advanced discussions to raise up to $1 billion for treasury-related ventures. The nonprofit plans to sell millions of AVAX tokens at a discounted price to investors. This move aims to establish new digital asset accumulation projects.
- Foundation plans to sell AVAX at a discount to raise capital for treasury projects
- Initiative includes creating a dedicated digital asset treasury company
- Funds will support conversion of another entity into a crypto accumulation vehicle
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