Avalanche Treasury | Crypto

The authorization targets a stated market disconnect while the June 30 token treasury shows why earnings remain exposed. The post Avalanche Treasury doubles down on its strategy to build shareholder value after a $44 million hit appeared first on CryptoSlate.

The AVAX treasury company must hold a $1 closing bid and $35 million listed-securities value threshold for at least 10 consecutive business days. The post Nasdaq puts $675 million Avalanche Treasury on the clock over two listing failures appeared first on CryptoSlate.

Avalanche Treasury holds about 15 million of the blockchain’s native token, AVAX, which is trading at a five-year low. The Avalanche Treasury Company saw a rocky start as it debuted on Nasdaq under the ticker AVAT on Thursday, with shares dropping 16% by the end of the day. The new company gained access to the Nasdaq after merging with special-purpose acquisition company (SPAC) Mountain Lake Acquisition in a $675 million deal first announced in October.  The company, with support from institutional backers including Dragonfly, Pantera, ParaFi Capital, VanEck, Galaxy Digital and Kraken, aims to give investors exposure to the Avalanche blockchain ecosystem without holding the cryptocurrency.  Read more