Digital Assets (Tables) - Avalanche Treasury Company, LLC
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3 Months Ended |
4 Months Ended |
Mar. 31, 2026 |
Dec. 31, 2025 |
| AVAX |
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| Digital Assets |
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| Summary of digital assets |
| | | | | | | | | | | | | | | | | | | | March 31, 2026 | Asset | | Tokens | | Cost basis | | Fair value | AVAX | | 13,785,835 | | $ | 265,289,075 | | $ | 122,758,140 |
| | | | | | | | | | | | | | | | | | | | December 31, 2025 | Asset | | Tokens | | Cost basis | | Fair value | AVAX | | 13,579,449 | | $ | 263,431,911 | | $ | 167,093,560 |
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| | | | | | | | | | | | | | | | | | Asset | | Tokens | | Cost basis | | Fair value | AVAX | | 13,579,449 | | $ | 263,431,911 | | $ | 167,093,560 |
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| Schedule of roll forward of digital assets |
| | | | | | | | | | Amount | AVAX at fair value as of December 31, 2025 | | $ | 167,093,560 | Contribution of AVAX via subscription receivable | | | 270,027 | AVAX received from staking rewards | | | 2,093,347 | AVAX used to pay staking fees | | | (28,779) | Realized loss on digital assets | | | (477,431) | Change in fair value of AVAX | | | (46,192,584) | AVAX at fair value as of March 31, 2026 | | $ | 122,758,140 |
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| | | | | | | | | | Amount | AVAX as of August 20, 2025 (inception) | | $ | — | Contribution of AVAX | | | 91,215,423 | Purchase of AVAX | | | 201,677,754 | AVAX received from staking rewards | | | 1,509,509 | AVAX used to pay staking fees | | | (14,118) | AVAX exchanged for stAVAX | | | (28,813,672) | Realized loss on AVAX exchanged for stAVAX | | | (2,142,985) | Change in fair value of AVAX | | | (96,338,351) | AVAX at fair value as of December 31, 2025 | | $ | 167,093,560 |
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| stAVAX |
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| Digital Assets |
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| Summary of digital assets |
| | | | | | | | | | | | | | | | | | | | March 31, 2026 | Asset | | Tokens | | | Cost basis | | | Carrying value | stAVAX | | 1,180,516 | | $ | 15,246,914 | | $ | 10,187,157 |
| | | | | | | | | | | | | | | | | | | | December 31, 2025 | Asset | | Tokens | | Cost basis | | Carrying value | stAVAX | | 1,180,516 | | $ | 28,813,672 | | $ | 15,246,914 |
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| | | | | | | | | | | | | | | | | | Asset | | Tokens | | Cost basis | | Carrying value | stAVAX | | 1,180,516 | | $ | 28,813,672 | | $ | 15,246,914 |
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| Schedule of roll forward of digital assets |
| | | | | | | | | | | | | | Tokens | | Amount | Balance at December 31, 2025 | | 1,180,516 | | $ | 15,246,914 | Impairment loss on stAVAX tokens | | — | | | (5,059,757) | Balance at March 31, 2026 | | 1,180,516 | | $ | 10,187,157 |
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| | | | | | | | | | stAVAX | As of August 20, 2025 (inception) | | $ | — | AVAX exchanged for stAVAX | | | 28,813,672 | Impairment loss | | | (13,566,758) | Balance at December 31, 2025 | | $ | 15,246,914 |
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