Avalanche's Billion-Dollar Crypto Treasury Plan: Hype or Hazard?

Avalanche aims to raise $1 billion to create two crypto treasury companies holding millions of AVAX tokens, potentially mirroring Michael Saylor's Bitcoin strategy. Hivemind Capital leads the private investment talks, with an unnamed Nasdaq-listed company and Anthony Scaramucci reportedly involved. Despite market cool-downs impacting similar ventures, AVAX jumped almost 8% following the announcement, though broader questions remain unanswered as the Avalanche Foundation stays silent. Hosted on Acast. See acast.com/privacy for more information.