Avalanche Aims for $1 Billion Funding to Build U.S. Treasury Vehicles

The Avalanche Foundation is setting its sights on raising $1 billion for the creation of cryptocurrency-focused treasury companies in the United States. This ambitious project will involve two separate vehicles, one aiming to establish a new digital asset treasury and another converting an existing company into a dedicated treasury vehicle. The initiative coincides with rising institutional interest in blockchain-based treasuries, supported by increased network activity on Avalanche.