According to the source, Avalanche Treasury Co. announced a $675 million business combination with Mountain Lake Acquisition Corp, targeting more than $1 billion of AVAX in its treasury and including approximately $460 million of treasury assets, source: Avalanche Treasury Co. company announcement. For traders, the stated plan to accumulate AVAX, if executed post-close, signals potential sustained buy-side demand and a tighter liquid float that could impact AVAX order books and liquidity conditions, with timeline contingent on deal completion and capital deployment, source: transaction intent and sizing as disclosed in the company announcement. Execution risk and timing will hinge on standard de-SPAC milestones such as SEC review, shareholder vote, and redemption outcomes before funds can be deployed toward AVAX accumulation, source: U.S. SEC guidance on SPAC business combinations.