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Avalanche Foundation's $1 Billion Fundraising Boosts AVAX to Seven-Month High
CryptocurrencyAVAX GrowthUpdated a day ago

Avalanche Foundation's $1 Billion Fundraising Boosts AVAX to Seven-Month High

The Avalanche Foundation's plans to raise $1 billion through treasury deals have propelled AVAX to a seven-month high of $29, marking a nearly 9% increase in just 24 hours. This initiative aims to purchase AVAX tokens at a discount, potentially enhancing the market further.

Related Articles
Avalanche Foundation pushes AVAX price to seven-month high with $1 billion fundraising talks
PositiveCryptocurrency
AVAX has reached a seven-month high following reports that the Avalanche Foundation is seeking up to $1 billion in funding. The token rose nearly 9% in 24 hours, hitting $29, its highest price since February.
Editor’s Note: This development is significant as it indicates growing investor confidence in AVAX and the Avalanche ecosystem. The potential funding could enhance the foundation's capabilities and drive further adoption of its technology.
Avalanche Foundation Plans $1 Billion Treasury Deals—Can AVAX Take Off?
PositiveCryptocurrency
The Avalanche Foundation is negotiating to establish two US digital asset treasury vehicles to raise about $1 billion for purchasing AVAX at a discount. This initiative could significantly boost the AVAX market.
Editor’s Note: This development is crucial as it indicates strong institutional interest in AVAX, potentially leading to increased market confidence and investment in the cryptocurrency space.
Avalanche to establish AVAX treasury company with $1b
PositiveCryptocurrency
The Avalanche Foundation is set to raise $1 billion to purchase AVAX tokens at a discounted price. They are negotiating with investors to create two treasury firms to accumulate more tokens soon.

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