Former Susquehanna executive Bart Smith appointed CEO of Avalanche Financial

ChainCatcher news, Bart Smith, the former head of the crypto division at Wall Street quant trading giant Susquehanna, has left to become the CEO of the newly established Avalanche Treasury Co.

The company is valued at $671 million and 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. The company has purchased $200 million worth of tokens from the Avalanche Foundation at a discounted price and plans to hold over $1 billion in AVAX.