The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
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
📎 Read the original article on cointelegraph.com
Related Tags: Avalanche
Other Tags: Avalanche (AVAX), Avalanche Foundation, Financial Times, Treasury