June 26, 2020 AVA Labs raises $12 million via private AVAX token sale.

AVA Labs, the organization responsible for the creation of the Avalanche blockchain has raised $12 million via a private sale of its AVAX token. Among the investors were Galaxy Digital, Dragonfly Capital, and Bitmain, while according to the company’s press release a subsequent sale to accredited investors and investors outside the US, is planned for July.