Former Susquehanna Executive Bart Smith Appointed as Avalanche Treasury Co. CEO

BlockBeats News, October 2nd, according to Fortune magazine, Bart Smith, former head of the cryptocurrency division at Wall Street's quant trading giant Susquehanna, has resigned to take on the role of CEO at the newly formed Avalanche Treasury Co. The company, valued at $6.71 billion, plans to go public on Nasdaq in the first quarter of 2026 through a SPAC (Mountain Lake Acquisition Corp.).

Investors include Dragonfly, ParaFi, Pantera Capital, and VanEck. Avalanche Treasury Co. has acquired $200 million worth of tokens from the Avalanche Foundation at a discounted price and plans to hold over $1 billion worth of AVAX.