BackAvalanche Treasury Company Debuts on Nasdaq with 16% Drop

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Cointelegraph12.06.2026Business2 dk okuma

Avalanche Treasury Company Debuts on Nasdaq with 16% Drop

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Avalanche Treasury Company (AVAT) debuted on Nasdaq with a 16% drop in shares to $1.85, despite a $675 million merger with Mountain Lake Acquisition, aiming to offer institutional exposure to the Avalanche blockchain without holding the cryptocurrency.

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Avalanche blockchain aims to provide institutional access without direct cryptocurrency holding.

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Avalanche Treasury Company saw a rocky start as it debuted on Nasdaq under the ticker AVAT on Thursday, with shares dropping 16% by the end of the day... (full article text preserved with paragraph breaks)

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Further decline in AVAX price in the short term
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Avalanche Treasury Company Debuts on Nasdaq with 16% Drop

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