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Avalanche Treasury made a turbulent entry to public markets, with shares sliding 38% on their Nasdaq debut following a $675 million merger.
The company is positioning itself as a publicly traded vehicle for accumulating $AVAX, the native token of the Avalanche blockchain, and has stated plans to acquire more than $1 billion worth of the token over time.
What a Blockchain Treasury Company Is — and Why the Debut Stumbled A blockchain treasury company is a publicly traded firm whose primary business is holding a cryptocurrency on behalf of shareholders, giving traditional investors indirect exposure to a token without requiring them to manage a digital wallet.
The model became well-known in equities markets as a way to bridge institutional capital and crypto assets. Investors buy stock; the company buys the token; the share price theoretically tracks the underlying holdings.
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