Avalanche Treasury Co. (AVAT), an ecosystem-aligned digital asset treasury company with an exclusive relationship with Avalanche Foundation, today announced a definitive business combination agreement with Mountain Lake Acquisition Corp. (Nasdaq: MLAC) valued at over $675M. AVAT's goal is to own a sizable reserve of AVAX so as to participate as a foundational partner in the growing Avalanche ecosystem. Led by Bart Smith, who brings two decades of Wall Street experience as an early pioneer in bridging traditional finance and digital assets, AVAT’s advisory board also includes managing partners from Dragonfly Capital, Blockworks, and Aave. To launch its accumulation strategy, AVAT launches with an initial AVAX token purchase from the Avalanche Foundation. These tokens are subject to a long-term lock-up schedule that permits staking and other uses. The cash proceeds received by the Foundation will be strategically deployed to support ecosystem growth, including investments in RWAs, purchases of AVAX, and AVAX DAT shares. The Avalanche Foundation remains committed to deploying its treasury to drive adoption and long-term sustainability.