By Marco Piccolo Key highlights: Avalanche Foundation is planning to raise $1 billion through two digital asset treasury companies in the U.S. The initiative involves a $500M private investment and a $500M SPAC deal, with both vehicles aiming to acquire discounted AVAX tokens. The move aligns with a broader trend of public firms transforming into […]
Tag: SPAC
By Emir Abyazov Key highlights: Strive merger triggers 52% surge in Asset Entities shares Company plans to buy $1.5B in Bitcoin, joining top holders Reverse merger chosen as safer path over SPAC structure Shares of marketing company Asset Entities soared 52% in over-the-counter trading after shareholders approved a merger with Vivek Ramaswamy’s Strive Enterprises. […]
By Marco Piccolo Figure Technologies is the latest blockchain-powered fintech preparing to hit the public markets. Started in 2018 by Mike Cagney, the former CEO of SoFi, it has grown into the largest non-bank provider of home equity loans in the U.S. The company’s main edge is its own blockchain, called Provenance, which helps it […]