Large treasury company announced $1 billion purchase of AVAX after merger via SPAC, token shows growth

02.06.2025

AVAX is showing significant growth after the announcement of a massive deal by a treasury firm planning to acquire $1 billion worth of Avalanche tokens as part of a strategic expansion following a merger through SPAC.According to industry sources, a leading financial firm specializing in digital asset management has officially announced its intention to invest $1 billion in AVAX tokens. The decision follows the successful completion of its merger with Special Purpose Acquisition Company (SPAC), allowing the firm to go public and raise additional investment for its ambitious new initiatives.As a result of the news, the AVAX token has surged more than 18% over the past 24 hours, with daily trading volume increasing to $2.3 billion.Experts say that such a significant influx of capital could strengthen Avalanche's position as one of the leading blockchains for decentralized applications and DeFi platforms.Treasury officials said that the company's investment in AVAX tokens is expected to be a major investment.