Avalanche Treasury Co., one of the newest publicly-listed companies built around a crypto treasury strategy, is set to begin trading on the Nasdaq on Thursday under the ticker AVAT.

The company, led by former Susquehanna and AllianceBernstein executive Bart Smith, was created to accelerate adoption and growth of the Avalanche ecosystem by allocating capital across the Avalanche network’s infrastructure and applications, instead of merely stockpiling the blockchain’s native AVAX token on its balance sheet. It merged with special-purpose acquisition company (SPAC) Mountain Lake Acquisition Corp. in a $675 million deal first announced in…