TechFlow, on October 2, according to Fortune, Bart Smith, former head of crypto at Wall Street quantitative trading giant Susquehanna, has left the firm to become CEO of the newly established Avalanche Treasury Co.
The company is valued at $671 million and plans to go public on Nasdaq in Q1 2026 via a SPAC (Mountain Lake Acquisition Corp.).
Backers include Dragonfly, ParaFi, Pantera Capital, and VanEck. The company has already purchased $200 million worth of tokens from the Avalanche Foundation at a discount and plans to hold over $1 billion in AVAX.




