Oddiyana Ventures is proud to announce its strategic investment in SPA-led PIPE (Private Investment in Public Equity), Avalanche Treasury Co. (AVAT), following its landmark $675 million merger with Mountain Lake Acquisition Corp. (Nasdaq: MLAC) at a discounted entry point for investors at 0.77x of net asset value (mNAV). The transaction has also attracted the support of several high-profile institutional and crypto-native investors, including Dragonfly, ParaFi Capital, VanEck, Galaxy Digital, Pantera Capital, CoinFund, and Kraken. CoinMarketCap↗ The Block ↗
At Oddiyana Ventures, we remain confident in Avalanche’s long-term potential as a highly scalable, efficient, and developer-driven blockchain. Its innovations in speed, enterprise adoption, and DeFi liquidity continue to stand out. The launch of a publicly listed AVAX treasury marks a major step in bridging traditional finance with decentralized infrastructure, enhancing liquidity, transparency, and institutional participation across the Web3 ecosystem.
The merger, valued at over $675 million, marks one of the largest crypto-aligned SPAC transactions to date. It includes approximately $460 million in projected treasury assets at closing and an exclusive $200 million discounted AVAX purchase allocation through the Avalanche Foundation. Together, these allocations are designed to build a treasury exceeding $1 billion in AVAX assets, positioning AVAT as the leading public vehicle for institutional exposure to Avalanche. The combined company is expected to list on Nasdaq in early 2026, pending regulatory and shareholder approval, signaling a new phase in the convergence of traditional capital markets and blockchain finance.
This preferential access, combined with an 18-month priority window for AVAX token purchases from the Avalanche Foundation, gives institutional investors a powerful entry point into the Avalanche ecosystem under highly favorable conditions. Beyond passive exposure, Avalanche Treasury Co. is designed as an active strategic vehicle, deploying capital across protocol investments, validator infrastructure, and enterprise partnerships.
AVAT’s leadership combines Wall Street and crypto expertise. CEO Smith (ex-Susquehanna, AllianceBernstein) is joined by COO Laine Litman (HiddenRoad, Virtu) and CSO Budd White (Multisig Labs). PJT Partners and Barclays advise financially, with Skadden and Davis Polk as legal counsel. Advisors include Emin Gün Sirer and John Nahas of Ava Labs, Stani Kulechov (Aave), and Haseeb Qureshi (Dragonfly).
For Oddiyana Ventures, this investment reflects our belief in the next evolution of blockchain-integrated finance. By backing Avalanche Treasury Co. and the launch of AVAX DAT, we support a model that merges institutional transparency with decentralized innovation—driving greater liquidity, accountability, and participation within the Avalanche ecosystem. We remain confident that Avalanche’s growth, strengthened by this pioneering public treasury initiative, will redefine institutional engagement with digital assets and set a new benchmark for blockchain adoption in global finance.
About Oddiyana Ventures
Oddiyana Ventures is an investment firm exploring & investing in early-stage blockchain projects. It considers funding projects in AI, DeFi, NFTs, web3 applications, metaverse, gaming, unstoppable finance, BRC-20, and other relevant developments in the space that are relevant. Oddiyana Ventures also incubates projects, provides expert advisory services, and helps accelerate the growth of a project.
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Email: info@oddiyana.ventures
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