Avalanche Aligned Entity to Merge With SPAC, Form $675M AVAX Treasury Firm

An Avalanche-aligned entity has announced a $675 million merger with a blank check (SPAC) company to become a publicly traded AVAX treasury firm.

The merger is aimed at giving the new entity capital. And regulatory structure to acquire, hold, and manage AVAX as a core reserve asset. By taking this step, the firm plans to offer investors a regulated way to gain exposure to AVAX’s price movements, staking yields. And ecosystem growth without needing to manage the technical and operational aspects themselves. The move underscores the trend of crypto-aligned entities. Seeking public-market legitimacy and improved capital access.

Clever Robot News Desk 5^th October 2025