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Avalanche Treasury Co to merge with MLAC in $675M deal

Avalanche Treasury Co. (AVAT), a digital asset treasury firm associated with the Avalanche Foundation, will merge with Mountain Lake Acquisition Corp. (Nasdaq: MLAC) in a business combination valued at over $675 million. This deal includes approximately $460 million in treasury assets and is expected to close in the first quarter of 2026, pending regulatory and shareholder approvals. The merger will enable institutional investors to invest in AVAX through a public entity. AVAT aims to expand its holdings to exceed $1 billion in AVAX, leveraging strategies like discounted token purchases and priority rights from the Avalanche Foundation for US treasury companies. Notable advisors include Avalanche founder Emin Gün Sirer and Ava Labs executive John Nahas. CEO Bart Smith plans to actively pursue initiatives in real-world asset tokenization, stablecoin infrastructure, and validator operations.

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