Avalanche Treasury sheds 73% since Nasdaq debut after filing values AVAX stack at $122.8M
The Block •
Revision history
3 recorded changes
Want your article here?
Promote with Leviathan NewsAVAT has fallen 73% from its June 11 Nasdaq debut, sliding from $1.85 to $0.50 on July 1 after Avalanche Treasury reported a $26.78 million Q1 net loss. Its 13.39 million AVAX position, bought at a $265.3 million cost basis, was marked at $122.8 million on March 31, alongside a $9.06 million working-capital deficit. Management raised going-concern doubt under those Q1 conditions, then said the Mountain Lake SPAC merger removed that issue for the next 12 months after a $675 million deal.
TLDR by @Benthic
Explore the topic
More on $AVAX
NEC and Ava Labs propose FaceVC-verified stablecoin payments on Avalanche without storing biometric data onchain
avax.network ·
Avalanche launches Payments Collective with 28 major firms, aiming to scale crypto payments across 150 countries, 96 currencies and billions of endpoints.
𝕏/@avax ·
FIFA tests Avalanche ticket rights as RTB and RTT volume tops $25M with 100K RTBs issued
Coindesk ·
Avalanche Treasury starts Nasdaq trading as AVAT pitches exposure to 550-project Avalanche ecosystem
Avat ·
Bitwise CIO Matt Hougan says stablecoins and tokenization now generate more advisor interest than Bitcoin, with Ethereum, Solana, Chainlink and Avalanche among top beneficiaries
The Block ·
Trad.Fi and W3 plan $650M Avalanche private credit push with one-day AI loan underwriting
Coindesk ·
NEC and Ava Labs propose FaceVC-verified stablecoin payments on Avalanche without storing biometric data onchain
avax.network ·
Avalanche launches Payments Collective with 28 major firms, aiming to scale crypto payments across 150 countries, 96 currencies and billions of endpoints.
𝕏/@avax ·
FIFA tests Avalanche ticket rights as RTB and RTT volume tops $25M with 100K RTBs issued
Coindesk ·
Avalanche Treasury starts Nasdaq trading as AVAT pitches exposure to 550-project Avalanche ecosystem
Avat ·
Bitwise CIO Matt Hougan says stablecoins and tokenization now generate more advisor interest than Bitcoin, with Ethereum, Solana, Chainlink and Avalanche among top beneficiaries
The Block ·
Trad.Fi and W3 plan $650M Avalanche private credit push with one-day AI loan underwriting
Coindesk ·