The Avalanche Foundation is preparing to raise approximately $1 billion by establishing two specialized crypto treasury companies in the United States. According to Foresight News, they are currently engaging with investors to create a new treasury firm and are in advanced discussions to transform an existing Nasdaq-listed company into one specifically for this purpose. This funding will be used to purchase a substantial amount of AVAX tokens from the foundation at a discounted rate. The initiative is being spearheaded by Hivemind Capital, which aims to raise up to $500 million through a Nasdaq-listed firm with former White House Press Secretary Anthony Scaramucci serving as an advisor. The second project, initiated by Dragonfly Capital, involves a Special Purpose Acquisition Company (SPAC) targeting the same $500 million fundraising goal.