AVAX One holds $88 million in Avalanche tokens, but its lender only wants cash or Bitcoin
An unnamed institutional investor has drastically tightened its leash on AVAX One, elevating the Nasdaq-listed crypto agency’s minimal liquidity requirement 35-fold and strictly excluding its namesake Avalanche token from counting towards the brand new threshold. The stringent restructuring, detailed in an Aug. 5 Securities and Exchange Commission (SEC) filing, follows the July departure of CEO…
