Avalanche Treasury sheds 73% since Nasdaq debut after filing values AVAX stack at $122.8M
The Block โข
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
Avalanche launches Payments Collective with 28 major firms, aiming to scale crypto payments across 150 countries, 96 currencies and billions of endpoints.
๐/@avax ยท
FIFA tests Avalanche ticket rights as RTB and RTT volume tops $25M with 100K RTBs issued
Coindesk ยท
Avalanche Treasury starts Nasdaq trading as AVAT pitches exposure to 550-project Avalanche ecosystem
Avat ยท
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 ยท
Trad.Fi and W3 plan $650M Avalanche private credit push with one-day AI loan underwriting
Coindesk ยท
Researcher argues Avalanche is becoming crypto's AWS moment as BlackRock, PayPal, Shopify and Japan's $2.9B tokenized securities market converge on AVAX infrastructure
๐/@Flowslikeosmo ยท
Avalanche launches Payments Collective with 28 major firms, aiming to scale crypto payments across 150 countries, 96 currencies and billions of endpoints.
๐/@avax ยท
FIFA tests Avalanche ticket rights as RTB and RTT volume tops $25M with 100K RTBs issued
Coindesk ยท
Avalanche Treasury starts Nasdaq trading as AVAT pitches exposure to 550-project Avalanche ecosystem
Avat ยท
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 ยท
Trad.Fi and W3 plan $650M Avalanche private credit push with one-day AI loan underwriting
Coindesk ยท
Researcher argues Avalanche is becoming crypto's AWS moment as BlackRock, PayPal, Shopify and Japan's $2.9B tokenized securities market converge on AVAX infrastructure
๐/@Flowslikeosmo ยท