Avalanche Treasury Co. is set to begin trading on the Nasdaq on Thursday under the ticker symbol AVAT. According to Odaily, the company is led by Bart Smith, a former executive at Susquehanna and AllianceBernstein, and plans to allocate capital to infrastructure and applications on the Avalanche network to support adoption and growth. The company previously merged with blank-check firm Mountain Lake Acquisition Corp. in a $675 million deal. The Avalanche network has about 550 projects and more than $1.3 billion in tokenized real-world assets. Avalanche Treasury Co. holds about 15 million AVAX tokens, representing roughly 3.5% of the circulating supply.