[Former Susquehanna Executive Bart Smith Appointed CEO of Avalanche Treasury Co.] October 2 news: Bart Smith, the former head of the crypto division at Wall Street quantitative trading giant Susquehanna, has left his position to become the CEO of the newly established Avalanche Treasury Co. The company is valued at $671 million and plans to go public on Nasdaq in Q1 2026 via a SPAC (Mountain Lake Acquisition Corp.). Investors include Dragonfly, ParaFi, Pantera Capital, and VanEck. The company has purchased $200 million worth of tokens from the Avalanche Foundation at a discounted price and plans to hold over $1 billion in AVAX.