POPA ReconAvalanche Treasury Corp Stock Crashes 93% in a Month
Avalanche Treasury Corp Stock Crashes 93% in a Month Avalanche Treasury Corp told the SEC its ability to continue as a going concern is in doubt after its Nasdaq-listed stock (AVAT) fell 93% in a month — from over $10 to under $0.73. The firm holds ~15M AVAX (about 3.5% of supply), which it paid roughly $265M for — a position now worth less than half. It disclosed the going-concern risk in a July 1 SEC filing. It's one of the starkest failures yet among the wave of crypto "treasury" companies that levered up on tokens. 👉 thedefiant.io/news/blockchains/avalanche-treasury-corp-stock-crashes-…
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