Avalanche Raises $1 Billion to Boost U.S. AVAX Token Adoption

The Avalanche Foundation is embarking on a significant fundraising initiative, aiming to secure $1 billion from U.S.-based treasury entities to purchase AVAX tokens. This strategic move involves investment firms Dragonfly Capital and Hivemind Capital, with prominent advisor Anthony Scaramucci providing crucial guidance. The initiative focuses on bridging the gap between cryptocurrency and established financial institutions like Wall Street.