[Avalanche Foundation Plans to Raise $1 Billion to Support Cryptocurrency Treasury Companies] BlockBeats News, September 11, according to the Financial Times, the Avalanche Foundation is planning to raise approximately $1 billion by establishing two cryptocurrency treasury companies in the United States. The foundation has engaged in in-depth discussions with investors about setting up a new digital asset treasury company and transforming an existing Nasdaq-listed company into a treasury company. The funds raised will be used to purchase a large amount of AVAX tokens from the Avalanche Foundation at a discounted price. The first project, led by Hivemind Capital, aims to raise up to $500 million within a Nasdaq-listed company, with crypto investor and former White House Press Secretary Anthony Scaramucci serving as an advisor. The second project, initiated by Dragonfly Capital, involves launching a SPAC with the same $500 million target.