Avalanche Foundation Secures $1 Billion to Establish US Treasury Firms

The Avalanche Foundation is taking a significant step towards bolstering its blockchain ecosystem by securing a $1 billion funding package for the establishment of two U.S.-based crypto treasury firms. This initiative, fueled by strategic partnerships with Hivemind Capital and Dragonfly Capital, will leverage the expertise of prominent advisor Anthony Scaramucci. The fundraising aims to increase AVAX liquidity and attract institutional investment, potentially positioning Avalanche as a leader in DeFi.