Avalanche Foundation Secures $1 Billion to Bolster Ecosystem via Two Investment Vehicles

The Avalanche Foundation is launching a massive fundraising initiative of up to $1 billion, aiming to acquire millions of AVAX tokens at a discounted rate. This endeavor will leverage two separate investment vehicles – one led by Hivemind Capital and the other by Dragonfly Capital’s SPAC structure. These deals will help bolster liquidity within the Avalanche ecosystem while supporting its growth through strategic investments.