Avalanche (AVAX) raises $250 million from Galaxy Digital and other investors.
Popular altcoin Avalanche (AVAX) received $250 million in investments from Galaxy and others, Forbes reported.
The report noted that Avalanche raised $250 million in funding through a private token sale that involved more than 40 companies, including Galaxy Digital, Dragonfly, and ParaFi.
The Avalanche Foundation's last similar token sale was in December 2021, when it raised $230 million.
AVAX rose following the news.
*This is not investment advice.
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