Avalanche Foundation eyes $1B raise – Will AVAX hold $30?

Key Takeaways

Avalanche Foundation aims to raise $1 billion for crypto treasury Companies. AVAX surged 10.93% to a 9-month high of $29.5 before retracing to $28.69 at press time.

Avalanche [AVAX] continued with its week-long price discovery and completed a breakout. In fact, the altcoin surged 10.93% to a 9-month high of $29.5 before retracing to $28.69 at press time.

During the same period, trading volume jumped 109% to $1.94 billion, indicating substantial capital influx and growing on-chain activity.

But what really inspired this price uptick?

Avalanche to raise $1 billion

In 2025, the crypto market has recorded massive capital inflow from corporate investors through treasury companies.

In fact, fundraising firms aiming to stockpile various crypto assets have raised a total of $16 billion over the past eight months.

Amid this rising demand for crypto treasury companies, the Avalanche Foundation has entered the conversation, aiming to capitalize on the market craze.

According to the Financial Times, Avalanche Foundation is in advanced talks with investors to launch a digital asset treasury company.

Through the said company, the foundation aims to raise about $1 billion for crypto treasury companies, and the money raised will be spent to buy Avalanche’s native token AVAX.

Under these arrangements, AVAX will be available at a discounted price to incentivize more investors.

As per the reports, the first deal will raise $500 million through private investment led by Hivemind Capital. The first phase of the agreement is expected to be finalised at the end of September.

However, Avalanche Foundation is yet to confirm the plans, with only Hivemind validating the reports.