Avalanche Foundation Targets $1B Raise Through Dual AVAX Investment Vehicles

Quick Breakdown:

• Avalanche Foundation plans dual $500M raises to acquire millions of AVAX tokens.
• Hivemind-led deal and Dragonfly SPAC target institutional capital inflows.
• AVAX trades near $28 as bullish momentum aligns with fundraising news.

The Avalanche Foundation is preparing a $1 billion fundraising effort to acquire millions of AVAX tokens, according to a report from the Financial Times. The initiative will be executed through two U.S.-based reserve vehicles, underscoring growing institutional appetite for Avalanche’s ecosystem.

According to FT, Avalanche Foundation is in talks with investors to set up two US “digital asset treasury” companies, aiming to raise $1B to buy millions of AVAX at a discount. The first, led by Hivemind Capital, seeks up to $500M via a Nasdaq-listed firm with crypto investor and…

— Wu Blockchain (@WuBlockchain) September 11, 2025

Hivemind Capital Leads $500M Private Placement

The first deal, spearheaded by Hivemind Capital, aims to secure $500 million via a private placement tied to a Nasdaq-listed company. AVAX tokens acquired through this structure will be offered at a discounted rate, sources close to the matter revealed.

Crypto investor Anthony Scaramucci, founder of SkyBridge Capital, is advising on the transaction. Scaramucci’s involvement adds visibility to the raise, given his history in large-scale digital asset investments. The deal is expected to close by the end of September.

Dragonfly Capital SPAC to Add Another $500M

A second $500 million raise is being organized through a special purpose acquisition company (SPAC) led by Dragonfly Capital. The structure is designed to fast-track capital deployment and potentially support future mergers within the Avalanche ecosystem. This deal is anticipated to finalize in October.

Together, the dual raises position Avalanche to bolster liquidity, strengthen market stability, and accelerate ecosystem expansion. Market watchers note that the initiative could provide significant support for AVAX price action amid growing institutional exposure.

At press time, AVAX is trading at $28.77, according to CoinMarketCap. The token is testing the $27 resistance level after forming a bullish double-bottom pattern, with its Relative Strength Index (RSI) near 70. If completed, the Avalanche Foundation’s $1 billion initiative would mark one of the largest ecosystem-focused capital raises in the crypto industry this year.

Meanwhile, Avalanche’s C-Chain logged its second-highest month of on-chain activity in August 2025, signaling robust network adoption and accelerating DeFi growth. Analysts say the fundraising push, combined with rising usage, positions Avalanche as a leading high-performance Layer 1 in an increasingly competitive blockchain landscape.

 

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