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Avalanche Foundation Eyes $1 Billion Crypto Treasury Push: FT
['Steven Walgenbach', 'Updated']
InsideBitcoins.com
Join Our Telegram channel to stay up to date on breaking news coverageThe Avalanche Foundation is in advanced talks to launch two crypto treasury companies in the US as part of a $1 billion fundraising push.
Analysts Warn Crypto Treasury Companies Are At RiskThe AVAX treasury plan comes as analysts warn that digital asset treasury companies (DATs) are facing risks from falling crypto and share prices that are compressing premiums and making fundraising harder, the report said.
SharpLink Gaming, the second-largest corporate holder of Ethereum (ETH) globally, has seen its share price plummet over 27% in the last month, data from Google Finance shows.
SharpLink Gaming share price (Source: Google Finance)BitMine Immersion Technologies (BMNR) has tumbled more than 22%, while Strategy (MSTR) has slumped over 18%.
Avalanche Community Still Bullish On AVAX Treasury PlansStill, the Avalanche community seems to have responded positively to the reported AVAX treasury plans.
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