The Avalanche Foundation is planning a significant fundraising campaign, aiming to raise $1 billion to create two dedicated AVAX treasuries. This move reflects a growing trend in the cryptocurrency space, where organizations and institutional investors are exploring treasury strategies to strengthen financial stability, support blockchain ecosystems, and increase liquidity.
The campaign positions Avalanche as a key player among blockchain networks seeking to leverage treasury models similar to the widely publicized Bitcoin and Ethereum treasury initiatives undertaken by companies such as Strategy (formerly MicroStrategy) and other publicly traded firms.
Two Treasury Initiatives Planned in the U.S.
The foundation is reportedly in advanced discussions to establish two separate AVAX treasuries in the United States. One of these efforts will involve launching a new digital asset treasury company, while the second will convert an existing firm into a treasury vehicle. Together, the two initiatives aim to collectively raise $1 billion, with completion expected within the coming weeks and months.
These funds will primarily be used to acquire millions of AVAX tokens, which the Avalanche Foundation plans to sell at discounted prices. This strategy not only supports the foundation’s growth but also helps increase AVAX liquidity and market presence amid growing competition in the cryptocurrency treasury sector.
First Fundraising Deal Led by Hivemind Capital
The initial treasury initiative seeks to secure up to $500 million through a private investment led by Hivemind Capital. The agreement is expected to close by the end of the month, with prominent crypto investor Anthony Scaramucci advising on the process. By acquiring discounted AVAX tokens, this initiative aims to establish a strong foundation for future institutional participation and enhance confidence in the network’s long-term value.
The first treasury’s approach highlights the growing appeal of AVAX among institutional investors, as firms increasingly look to diversify their digital asset portfolios beyond major cryptocurrencies like Bitcoin and Ethereum.
Second Treasury Effort via Dragonfly Capital SPAC
The second AVAX treasury initiative involves a special purpose acquisition vehicle (SPAC) sponsored by Dragonfly Capital, also targeting a $500 million raise. This deal may take longer to finalize, potentially extending into October, as SPAC-based fundraising requires additional regulatory and administrative steps.
Both treasury initiatives will focus on purchasing discounted AVAX directly from the Avalanche Foundation, which currently holds a total supply of 720 million AVAX tokens, with approximately 420 million circulating in the market. The acquisition of these tokens is expected to bolster market liquidity and support price stability in the face of increasing investor interest.
AVAX Price Nears Key $30 Milestone
The announcement of these treasury initiatives comes as AVAX shows renewed market momentum. According to CoinGecko, AVAX has posted weekly gains of around 17%, approaching the key $30 price level, which has not been seen since February of this year. This recovery signals renewed optimism among investors, especially in light of the foundation’s proactive approach to institutional adoption.
While AVAX has yet to match the price gains seen in Ethereum (ETH) and Solana (SOL), the fundraising campaigns and treasury acquisitions could provide additional support for future price growth and long-term market confidence.
Trend of Corporate Crypto Treasuries
The Avalanche initiatives are part of a broader trend where companies and organizations are stockpiling digital assets through corporate treasuries. In 2025 alone, companies have raised over $16 billion to acquire crypto assets, with many inspired by the Bitcoin treasury strategies of high-profile firms.
Treasuries serve multiple purposes: they allow companies to diversify holdings, strengthen balance sheets, and leverage blockchain assets for strategic initiatives such as staking, tokenization, and payment integration. For Avalanche, the introduction of two institutional-focused treasuries could accelerate adoption and expand its ecosystem beyond traditional users and developers.
Institutional Adoption and Market Impact
The Avalanche Foundation’s efforts have already attracted attention from major players like BlackRock and Visa, which are using the AVAX blockchain for corporate operations. By offering discounted tokens and creating treasury vehicles, the foundation aims to make AVAX more accessible to large-scale investors while enhancing its utility across the DeFi and corporate landscape.
These moves also reinforce the trend of Layer 1 blockchain networks targeting institutional adoption, with Solana and Ethereum already leading the way. Analysts believe that AVAX could see sustained demand if treasury acquisitions continue and more firms adopt blockchain-based treasury strategies.
Outlook for AVAX
The foundation’s $1 billion fundraising campaign demonstrates a strategic push toward institutional growth and long-term stability. With AVAX approaching $30, combined with ongoing treasury initiatives, the network is poised to capture growing investor interest and increase liquidity.
If both treasury initiatives succeed, Avalanche could establish itself as a leading network for corporate treasuries, potentially setting the stage for stronger adoption, enhanced market performance, and expanded utility across the blockchain ecosystem.
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