other material
confidence high
sentiment neutral
materiality 0.45
Avalanche Treasury sells 2,082,371.6 AVAX for $15M to Avalanche (BVI); proceeds to cut debt
Avalanche Treasury Corp
- Sold 2,082,371.607744 AVAX tokens to Avalanche (BVI), Inc. in three tranches, generating aggregate gross proceeds of $15,000,000; transaction completed September 23, 2026.
- Tokens sold were the longest-dated locked AVAX held by the company; the sale reduced the weighted average duration of its locked AVAX to approximately 16.5 months.
- Avalanche Treasury expects to use the $15M proceeds to reduce debt and for general corporate purposes.
- Counterparty Avalanche (BVI), Inc. is a British Virgin Islands company; no per-token price was disclosed, implying roughly $7.20 per AVAX.