Avax rose to a maximum of seven months after reports arose that the Avalanche Foundation is looking for up to $ 1 billion in funds to launch dedicated treasury companies that keep their token.
According Cryptoslate The data, AVax increased almost 9% in the last 24 hours to reach $ 29, its strongest price level since February.
Token yield beat the largest cryptographic assets of the 20 best, which advanced on an average of 3% during the same period. In particular, the increase in the price also placed it among the 10 best in Cryptoslate Lig of larger winners for September 11.
This increase reflects a broader impulse within the avalanche ecosystem.
Lid data shows that decentralized exchanges on the network processed almost $ 900 million in negotiation volume on the last day, the highest figure since March and the largest sixth among all blockchain networks.
At the same time, the assets of the real world tokenized as Buidl Blackrock deployed in Avalanche now exceed $ 450 million. According to Rwa.xyz data, this reflects an increase of 139% in the last month.
Avax Treasury Company
According to reports, this development occurs when the Avalanche Foundation is in advanced conversations to establish at least two Treasury Companies of Digital Asset (Datco) focused on the Token Avax.
3 seconds now. Get that compound for years.
Act quickly to join the 5 -day cryptographic investor plan and avoid the mistakes made by most investors.
Brought to you by crypt
According to a Financial Times Report, the first agreement implies raising up to $ 500 million through a private investment in a company quoted by Nasdaq. Hivemind Capital leads the effort, which has the advice support of the founder of Skybridge Capital, Anthony Scaramucci, and could close before the end of the month.
The second agreement, structured through a special purpose acquisition vehicle led by Dragonfly Capital, aims to raise another $ 500 million and is expected to end in October.
The report indicated that the income of both efforts would be directed to buy tokens Avax at discounted prices, effectively sowing treasure companies and strengthening the tokens market base.
The Avalanche Foundation initiative follows a growing trend of Datco’s releases throughout the industry.
According to ETH strategic data, Treasury companies centered on Ethereum formed earlier this year have already accumulated more than 4.9 million ETH value for $ 21.7 billion. Similarly, Coingcko data shows that Solana data has acquired more than 4.4 million sun valued at approximately $ 992 million.
These treasure acquisitions have helped increase tokens assessments and reinforce the institutional demand for digital assets. Then, if Avalanche successfully ends its fundraising plans, the strategy could amplify the interest in AVax and extend its latest price rally.
