The Avalanche Foundation is initiating talks with investors to establish two crypto asset reserve firms aiming for a total of about 1 billion USD to acquire Avax tokens.
The first firm, led by Hivemind Capital, is targeting 500 million USD through private placement with Anthony Scaramucci involved as an advisor.
The second company is a SPAC backed by Dragonfly Capital, also pursuing the same 500 million USD total and anticipates closure in October.
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