Neutral
Avalanche Treasury Co. completes $15 million AVAX sale to Avalanche Foundation
Avalanche Treasury Co. (AVAT) has finalized a $15 million sale of 2,082,371 AVAX tokens to the Avalanche Foundation. The proceeds are intended to reduce debt and support general corporate purposes. Following the sale, the average duration of AVAT's locked AVAX tokens decreased to approximately 16.5 months.
Key points
- AVAT completes $15 million AVAX sale to Avalanche Foundation
Sources
AI-generated from public news sources. Not financial advice.
