Avalanche (AVAX) raises $250 million from Galaxy Digital and other investors.
Popular altcoin Avalanche (AVAX) received $250 million in investments from Galaxy and others, Forbes reported.
The report noted that Avalanche raised $250 million in funding through a private token sale that involved more than 40 companies, including Galaxy Digital, Dragonfly, and ParaFi.
The Avalanche Foundation's last similar token sale was in December 2021, when it raised $230 million.
AVAX rose following the news.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
How to truly make a mark in the crypto industry?
You can't live the life you want just by "copying and pasting."
a16z Annual Report: The 17 Most Exciting Web3 Ideas for 2026
Stablecoins will become the infrastructure of Internet finance, AI agents will gain on-chain identity and payment capabilities, and the advancement of privacy technologies, verifiable computation, and compliance frameworks will drive the crypto industry from pure trading speculation towards building decentralized networks with lasting value.
Morning Brief | a16z Crypto releases annual report; crypto startup LI.FI completes $29 million financing; Trump says the rate cut is too small
A summary of important market events on December 11.
Trend Research: The "Blockchain Revolution" is Underway, Remain Bullish on Ethereum
The integration trend in the crypto market and Ethereum's value capture.
