Avalanche Treasury Co. to begin trading on Nasdaq under ticker AVAT
By
Tanaya Macheel
Summary
Avalanche Treasury Co., a publicly-listed company built around a crypto treasury strategy, is set to begin trading on the Nasdaq under ticker AVAT. Led by former Susquehanna and AllianceBernstein executive Bart Smith, the company aims to accelerate adoption of the Avalanche blockchain ecosystem by allocating capital across its infrastructure and applications, rather than just holding AVAX tokens. The company went public via a merger with SPAC Mountain Lake Acquisition Corp. Avalanche is a six-year-old blockchain used by major financial firms including BlackRock, Franklin Templeton, and Apollo.
Source
bskyAvalanche Treasury Co. to begin trading on Nasdaq under ticker AVATcnb.cxKey quotes
· 3 pulledAvalanche Treasury Co., one of the newest publicly-listed companies built around a crypto treasury strategy, is set to begin trading on the Nasdaq on Thursday under the ticker AVAT.
The company, led by former Susquehanna and AllianceBernstein executive Bart Smith, was created to accelerate adoption and growth of the Avalanche ecosystem by allocating capital across the Avalanche network's infrastructure and applications, instead of merely stockpiling the blockchain's native AVAX token on its balance sheet.
It merged with special-purpose acquisition company (SPAC) Mountain Lake Acquisition Corp.
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