Join the $1 Billion Avalanche: A Race for Treasuries and Discounts!

by

My dear chums, sit down and brace yourselves, for it appears the Avalanche Foundation, that charming little non-profit committed to the great blockchain escapade known as Avalanche (AVAX), is setting its sights on an audacious $1 billion. Yes, you heard me correctly-a billion! One might wonder if they’ve also commissioned the lovely ladies from ‘The Music Hall’ for some plucky financial tunes! 🎶

Now, this rather grand initiative is perfectly in tune with the ongoing fray in the cryptocurrency world, where every Tom, Dick, and Harriette seem to have taken a shining to the idea of crypto treasury models-because why wouldn’t you want your financial stability wrapped up in a digital bow? 🎀

A Dash for Discounted AVAX Tokens!

According to the ever-reliable Financial Times, our dashing Avalanche Foundation is in ‘serious discussions’-which may, or may not, involve some bubbly and a light-hearted back-and-forth-to establish not one, but two crypto treasuries in the good old U.S. of A! 🇺🇸 Just picture it: Wall Street in an avalanche! And not the kind you’d want to avoid, mind you, but one laden with institutional investors like those lovely souls at BlackRock and Visa. 💼

Now, the plan, as delightful as an afternoon tea, involves launching a digital asset treasury entity while simultaneously transforming an existing firm into a treasury marvel. The aim? To clinch that beguiling billion-dollar figure right quick, with expectations to finalize these charming deals in just a few weeks. Pop the confetti already! 🎉

The freshly minted funds will be directed toward the acquisition of heaps of AVAX tokens, all to be sweetly offered at a price that would make even a good Yorkshireman blush-discounted and delightful! Who doesn’t love a bargain? 🛍️

And there’s more! This grand scheme is not merely to puff up the foundation’s muscles but also to pump up the liquidity and market sparkle of AVAX as the competition for treasury companies starts to resemble a frantic Dash to the Bank! 💸

AVAX Price Nears the Sizzling $30

Whispers on the street (and by ‘street,’ I mean The Financial Times, of course) suggest that the first fundraising initiative is set to secure up to $500 million, led by none other than Hivemind Capital-yes, you heard correctly, let’s keep our minds a-hivin’, shall we? 🐝 And as if this saga couldn’t get any zanier, the delightful Anthony Scaramucci-the press secretary who put the ‘press’ in ‘impress’-is on board to provide some ‘oh-so-valuable’ advisory services. 😏

The second act involves a special purpose acquisition vehicle (SPAC, darling!) brought to you by Dragonfly Capital, targeting yet another cool half a billion. Some say it might take a touch longer to wrap up, possibly drifting into October. Well, who doesn’t love a good cliffhanger? 🎭

Both of these thrilling endeavors are zeroing in on those delectable discounted AVAX tokens held tightly by the Avalanche Foundation, which boasts the satisfaction of a total supply of 720 million tokens-420 million of which are currently skipping along the market like a bunch of rowdy revelers! 🥳

The world of cryptocurrency, like a finicky soufflé, has seen a dizzying rise in fundraising escapades this year, with companies raking in over $16 billion. One cannot help but be reminded of the splendid Bitcoin (BTC) treasury model-oh, how they’ve all begun to follow that ribbon of success like moths to a flame! 🔥

Now, while AVAX has not yet experienced that glorious uptick akin to a dramatic love story, data from our beloved CoinGecko affirms it has experienced a handsome 17% boost over the week. As I pen this, AVAX is closing in on that tempting $30 mark, a feat not witnessed since February. What a glorious odyssey this is turning out to be! 📈

Read More

2025-09-12 07:15