Avalanche Foundation Plans $1 Billion Raise to Launch Two AVAX Treasury Firms in the US

Highlights:

• Avalanche Foundation is planning a $1 billion raise with two treasury firms to buy millions of AVAX at discounted prices.
• Hivemind Capital and Dragonfly Capital will lead separate $500 million deals set to close by October this year.
• AVAX gained more than 7% in the past day, while transaction volumes topped 11 million during the past week.

The Financial Times reported that the Avalanche Foundation is preparing to establish two treasury companies in the United States. The plan seeks to raise capital for the purchase of millions of AVAX tokens at discounted prices. People familiar with the discussions said the foundation is in talks with several investment firms and expects to finalize agreements in the coming weeks.

Avalanche Foundation is launching a $1 billion fundraising campaign through two $500M vehicles led by Hivemind Capital and Dragonfly Capital to buy AVAX tokens at discounted prices. This effort bolsters AVAX liquidity, network growth, and institutional interest, with major firms… pic.twitter.com/HU6KVObMBC

— Fama Crypto (@Famacrypt) September 11, 2025

One company will be created as a designated digital asset treasury, while another existing firm will be converted into a similar vehicle. These companies will store the acquired AVAX and strengthen the foundation’s control of its token supply. With the crypto market shifting quickly, the plan demonstrates the foundation’s strategy to expand its treasury and consolidate reserves.

Avalanche Foundation Plans $1 Billion Raise with Investor Partnerships

The fundraising initiative involves two major deals, each designed to raise $500 million. Hivemind Capital, a Web3 investment firm, will lead the first effort, which involves a private placement with a Nasdaq-listed company. Crypto investor Anthony Scaramucci will serve as an advisor, adding industry experience to the transaction. Insiders expect this deal to close before the end of September.

Dragonfly Capital will sponsor the second transaction through a special purpose acquisition company. Similar to the first, the deal aims to secure another $500 million. However, this deal will take longer, with insiders pointing to October as the expected closing date. Once completed, both transactions will give investors access to discounted AVAX, which will then be held in the new treasury firms.

Together, these efforts amount to $1 billion, making it one of the largest planned raises in recent months by a crypto foundation. The foundation has not made public comments, but people close to the negotiations told the Financial Times that discussions are at an advanced stage. The deals are expected to reshape AVAX ownership and influence the market perception of Avalanche.

Major firms are also taking an interest in Avalanche. Apollo, BlackRock, and Wellington Asset Management have tried tokenized funds in their network. In the meantime, AVAX increased by over 7.08% in the last 24 hours, backed by weekly transactions of over 11 million. Analysts suggest the token could jump 42% as details of the foundation’s plans emerge.

Avalanche, where capital connects tokenized funds at institutional scale.

Libeara & FundBridge Capital launch ULTRA on Avalanche, a fully tokenized U.S. Treasury strategy, sub-managed by Wellington Management. https://t.co/AVOkF84zC1

— Avalanche🔺 (@avax) August 28, 2025

Market Context and Rising Interest in Treasury Companies Amid AVAX Treasury Plan

The timing of this strategy reflects wider trends. Several listed firms that stockpile digital assets, such as Metaplanet and Strategy, have seen their share prices decline. These losses have raised questions about the viability of treasury-based companies in the long term. Nevertheless, the interest of investors in crypto reserves is strong.

Kaiko data indicate that companies have already raised over $16 billion this year to acquire digital assets. The numbers demonstrate the ongoing trust in treasury vehicles as risk management tools and blockchain exposure securities. This practice is also a good sign that investors are still ready to support the mass acquisitions of digital assets.