Avalanche Foundation, a non -profit organization that supports the Avalanche (Avalax) Blockchain, seeks to raise one billion dollars through a large campaign to collect donations to create Sindin Avax.
This initiative is in line with a wider direction in the coded currency area, where various traditional organizations and financing companies are experimented with Treasury models for encryption To enhance their financial stability and operational capabilities.
Avalanche Foundation to provide reduced Avax symbols
According to For Financial Times, the Avalanche Foundation is in advanced talks to create encrypted treasury bonds in the United States. These moves come at a time when the institution acquires a traction between institutional investors, as companies such as Blackrock and Visa are already using the Blockchain Avalanche group for its operations.
The Foundation's strategy includes launching one digital asset company of the locker assets, with a current company converting into a treasury vehicle. The goal is to secure nearly one billion dollars, as the final touches are expected to put these deals within weeks.
The money collected is allocated to acquire millions Avax codesWhich will be offered at a reduced price directly from the Avalanche Foundation.
This approach aims to support the growth of the Foundation, but also aims to enhance liquidity and existence in the market for AVAX amid the increasingly competitive treasury companies.
AVAX price is approaching $ 30
For all the report, the first Cruster collection deal It aims to secure up to $ 500 million through a special investment led by HIVEMIND CAPITAL, with expectations to finish the touches on the agreement by the end of the month. It is worth noting that Anthony Scarmocchi, an investor in encryption and a journalist at the previous White House, is recommended for this initiative.
The second financing endeavor includes a SPAC for Dragonfly Capital, which also aims to increase $ 500 million. This deal may take longer to hack, and may extend to October.
Both initiatives will focus on purchasing the AVANCE Foundation, which number 720 million symbols, with approximately 420 million currently traded.
The broader cryptocurrency market has witnessed an increase in donation collection activities this year. Companies have raised more than $ 16 billion for inventory encryption assets, and are often inspired by the Bitcoin (BTC) (BTC) model (BTCOIN) Strategy (Previous Microstrategy).
The symbols associated with other metal, such as ETHEREUM (ETH) and Solana (Sol), have seen a significant increase in prices. These symbols were chosen by companies traded in the United States in the United States for their coding cabinet.
Although AVAX did not test the same ascending momentum, Coingecko Data It shows that it has recorded gains of up to 17 % in the weekly time frame. To this writing, the AVAX price is approaching the $ 30 sign, an unprecedented level since February of this year.
Distinctive image from Dall-E, Chart from TradingView.com
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