Foresight News reported that the Avalanche Foundation has raised $250 million for its blockchain platform through a private token sale, with participation from Galaxy Digital, Dragonfly, and ParaFi Capital among more than 40 other companies. This is not the first time Avalanche has raised a large amount of funds. Back in December 2021, at the peak of the last cryptocurrency bull market, the Avalanche Foundation raised $230 million in a similar token sale.
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Avalanche Completes $250 Million Private Financing, with Participation from Galaxy Digital and Others
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