Avalanche Treasury Secures $675M Deal; AVAX Stays Unmoved

A major milestone for the Avalanche ecosystem has been achieved with a $675 million business combination agreement, but market sentiment toward the news remains mixed. Avalanche Treasury Co., a digital asset treasury company backed by the Avalanche Foundation, has announced a deal with Mountain Lake Acquisition Corp. (Nasdaq: MLAC) to join forces in a venture valued at over $675 million. This strategic move positions AVAT as a significant player within the growing Avalanche ecosystem.