Business
Source: Cointelegraph
Avalanche Treasury Co. Shares Decline 16% on Nasdaq Debut
Avalanche Treasury Co. experienced a 16% drop in its share price during its inaugural day of trading on the Nasdaq exchange. The company's portfolio includes approximately 15 million of the Avalanche blockchain's native token, AVAX, which is currently trading at a five-year low.
By Fainaron·Jun 12, 2026 (20 hours ago)·1 views
Avalanche Treasury Co. commenced trading on the Nasdaq exchange, with its shares falling 16% on its debut day.
The company holds approximately 15 million units of AVAX, the native token of the Avalanche blockchain. Currently, the AVAX token is trading at its lowest point in five years.
According to Cointelegraph, the performance on the first day of trading reflects market sentiment as the company enters the public market.
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Source attribution: This article was AI-curated and rewritten by Fainaron from a piece originally published by Cointelegraph. Read the original at Cointelegraph →
