AVAX finally has a traditional finance shell; building the ecosystem infrastructure is way more interesting than just hoarding coins.

According to CNBC, Avalanche Treasury Co. has been listed on NASDAQ under the ticker AVAT, formed through a merger with Mountain Lake Acquisition SPAC led by Bart Smith. Unlike traditional crypto treasuries that only hold a single token, this company invests funds into Avalanche ecosystem infrastructure, applications, and related projects. It currently holds approximately 15 million AVAX tokens, accounting for about 3.5% of the circulating supply.