Avalanche Foundation would be looking for USD $ 1 billion to found Avax Treasury

By Hannah Pérez

Avax could be the next one to have the corporate support of a company with cryptocurrency treasury. The Avalanche Foundation negotiates so that two companies buy AVAX for up to USD $ 1 billion.

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• Avax could be the next one to have the corporate support of a crypto treasury.
• The Avalanche Foundation negotiates so that two companies buy AVAX for up to USD $ 1 billion.
• Anthony Scaramucci would be advising on one of the negotiations.

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Avalanche It could be the next one to join the corporate tendency of cryptocurrency treasures.

The Avalanche Foundation, a non -profit organization behind the network Blockchain of Avalancheit would be apparently seeking to raise USD $ 1 billion to found two companies with cryptocurrency treasures that Avax possess.

The news media Financial Times He reported, citing people familiar with the plans, advancing that AVEX tokens would be bought at the foundation at a discount price.

The report details a first agreement led by HIVERMIND CAPITAL, that would pursue a collection of up to USD $ 500 million through a private investment in a company already listed in Nasdaq, with completion planned by the end of September. Anthony ScaramucciInvestor in cryptocurrencies and former Secretary of the White House Press, is advising on this operationaccording to the report.

The second agreement, sponsored by Dragonfly capitalalso seeks to raise up to USD $ 500 million through a special purpose acquisition vehicle (SPAC), but may not be completed until October.

The negotiations are in advanced stages, the sources said, and, if they were completed, they would create two investment vehicles in Cryptocurrencies focused on AVax, the first known in the United States market.

AVAX in fever for crypto treasury

A new fever for cryptocurrencies has taken over corporations this year, as the treasury strategies focused on assets such as Bitcoin, Ethereum either Solarium They have become more popular every day.

Hundreds of public companies around the world have been adopting corporate investment strategies in cryptocurrency, seeking to emulate the approach of Strategy from Michael Saylor, which now has almost 640,000 BTC worth USD $ 73 billion.

There are currently more than 185 public companies –and 65 private– worldwide with Bitcoin In its corporate balance, jointly handling more than 1 million BTC. Others have opted for Altcoins as Ethereum, Solana, XRP And even Dogecoinwhich has helped boost the prices of both these assets and the companies that keep them in recent weeks.

According to data from KaikoCryptocurrency Treasury companies have raised more than USD $ 16,000 million this year.

Avax, the native token of the Capa 1 network Avalanche with 420 million tokens in circulation, has remained so far excluded from this trend. AVax is currently the largest cryptocurrency with a market capitalization of USD $ 12.2 billion, according to data from Coingcko. Its price is USD $ 28.9 at the time of editing, 3.9% higher in 24 hours.

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Article written with the help of AI, edited by Diariobitcoin

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