Company: MLAC
Filing Date: 2025-10-07
Form Type: 425
Source: 0001213900-25-096772
Chunk: 2

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-10-07
Form: 425
Chunk 2
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 I’ve always been very encouraged
by the software component of Avalanche that, you know, people generally think of the benefit of these blockchains are that there’s a
network effect that they have. But Avalanche to me is a little bit different. There there’s the ability for people to build their own
L1s out of the box. And those, you know, that that allows them to think I think of it as as as enterprise software that these companies
are are implementing and so I I feel like the time is ripe for Avalanche and so this is it kind of led to my decision to to lead this
treasury.

00:03:47.040

[Brandon Gomez]

Is that the key distinction there? I mean how does an Avalanche treasury
company compare to those tied to other cryptocurrencies say like Salana or Bitcoin?

00:03:56.080

[Bart Smith]

Well, it’s just it’s a it’s a different opportunity set, right? And
so I think that there’s going to be there is not going to be a winner take all, you know, particularly outside of Bitcoin. I think there’s
going to be different blockchains that have different benefits that are going to be implemented within, you know, business or finance
or, you know, you know, in in gaming and ticketing. And so I believe that the business vertical is one that Avalanche is going to be
poised to win. Uh, and so that that’s that’s really kind of my motivation.

00:04:28.400

[Brandon Gomez]

Generally speaking, if we broaden it out, I mean, what do you think
about the the crypto treasury trend, right? I mean, some say it’s here to stay, others are saying that it’s destined to to fizzle out.
Obviously, you have some belief in the longevity given your stake in it now. Uh, but what are your general thoughts in terms of of longevity?

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00:04:48.560

[Bart Smith]

So I I I think that there is um there there’s definitely a lot of
noise in the space right now to be certain. You know, a digital asset treasury is not good or bad. The same way an ETF is not good or
bad. An ETF is just a wrapper and it’s just a function of what you do inside of that wrapper. Uh I think there’s a lot of different flavors
of digital asset