Crypto
Avalanche Treasury shares plunge 93% as firm flags going-concern uncertainty to SEC
Avalanche Treasury, a Nasdaq-listed company that holds Avalanche (AVAX) as a core asset, disclosed to the U.S. Securities and Exchange Commission that uncertainty remains about its ability to continue as a going concern. Its shares have fallen about 93% in a month, alongside large losses on AVAX holdings. The company invested about $265 million to buy AVAX, but the value of its holdings fell to about $123 million as of March-end.
