according to FT, the Avalanche Foundation is in talks with investors to establish two "digital asset treasury companies" in the United States, planning to raise a total of $1 billion, with the funds being used to purchase at a discount millions of AVAX tokens held by the foundation.

The first project is led by Hivemind Capital, aiming to raise up to $500 million in a Nasdaq-listed company, with cryptocurrency investor and former White House press secretary Anthony Scaramucci serving as an advisor; the second project is initiated by Dragonfly Capital with a SPAC, targeting another $500 million.