Former Susquehanna Head Bart Smith Named CEO of Avalanche Treasury Co.; SPAC IPO to Back $1B+ AVAX Holdings
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Former Susquehanna cryptocurrency lead Bart Smith has resigned to assume the role of CEO at Avalanche Treasury Co., according to Fortune, marking a shift from quantitative trading to institutional crypto treasury management.
Avalanche Treasury Co. is valued at approximately $6.71 billion and intends to pursue a public listing on Nasdaq in Q1 2026 via a SPAC transaction with Mountain Lake Acquisition Corp.; notable investors include Dragonfly, ParaFi, Pantera Capital and VanEck.
The newly formed entity disclosed a purchase of about $200 million in tokens from the Avalanche Foundation at a discounted price and plans to hold in excess of $1 billion of AVAX as part of its strategic treasury holdings.