According to CNBC, AVAX treasury company Avalanche Treasury Co. has started trading on Nasdaq under the ticker symbol AVAT. The company was formed through a $675 million merger with SPAC company Mountain Lake Acquisition Corp. and is led by Bart Smith, a former executive at Susquehanna and AllianceBernstein. Unlike traditional crypto treasury companies that primarily hold a single token, Avalanche Treasury Co. plans to allocate funds to infrastructure, applications, and related projects within the Avalanche ecosystem. Currently, the company holds approximately 15 million AVAX, accounting for about 3.5% of the circulating supply. https://(wublock123.com)/news/avax-avalanche-treasury-co-nasdaq-ipo-ecosystem-treasury-62649