Avalanche Foundation Raises $250 Million in Private Token Sale

Source
YM Lee

Summary

  • The Avalanche Foundation announced that it raised $250 million through a private token sale.
  • It was reported that more than 40 companies, including Galaxy Digital, Dragonfly, and ParaFi, participated in this private token sale.
  • It was previously stated that $230 million was raised in December 2021.

The Avalanche (AVAX) Foundation has reportedly raised $250 million through a private token sale round.

According to a Forbes report on the 12th (local time), the Avalanche Foundation secured $250 million through a private token sale involving over 40 companies, including Galaxy Digital, Dragonfly, and ParaFi.

The last token sale round by the Avalanche Foundation was in December 2021, when it raised $230 million.

YM Lee

YM Lee

20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
hot_people_entry_banner in news detail bottom articleshot_people_entry_banner in news detail mobile bottom articles
What did you think of the article you just read?




PiCK News

Bank of Korea launches Phase 2 of 'Project Hangang'… CBDC pilot resumes, broader bank participation

40 minutes ago
Bank of Korea launches Phase 2 of 'Project Hangang'… CBDC pilot resumes, broader bank participation

[Market] Bitcoin breaks below $68,000…selling pressure intensifies on Middle East risk

1 hours ago
[Market] Bitcoin breaks below $68,000…selling pressure intensifies on Middle East risk

[Key Economic and Crypto Calendar for the Week Ahead] US Weekly Initial Jobless Claims, etc.

14 hours ago
[Key Economic and Crypto Calendar for the Week Ahead] US Weekly Initial Jobless Claims, etc.

BOK governor nominee: Shin Hyun-song, BIS monetary and economic department director, tapped—‘conservative on stablecoins’

15 hours ago
BOK governor nominee: Shin Hyun-song, BIS monetary and economic department director, tapped—‘conservative on stablecoins’

Bitcoin Mining Difficulty Falls 7.8%… “Miner Exodus Widens Amid Shift to AI”

16 hours ago
Bitcoin Mining Difficulty Falls 7.8%… “Miner Exodus Widens Amid Shift to AI”

Trending News