Avax One Announces Major AVAX Acquisition and New Buyback Program to Drive Shareholder Value

• Avax One has spent $110 million to double down on the Avalanche network.
• Avax One is working on offerings that will create more value for its shareholders.

Avax One Technology Ltd has announced that it recently expanded its digital asset treasury by acquiring additional Avalanche (AVAX) tokens. This update follows an earlier disclosure of plans for a share repurchase program that allows for up to $40 million in stock acquisitions. 

Avax One bought a total of 9,377,475 AVAX according to its announcement. A total of $110 million was spent at an average price of $11.73. This purchase boosted the firm’s total AVAX holdings to over 13.8 million tokens. At the current price of $13.79 per AVAX, these holdings are now worth around $129.3 million.

Avax One explained that the latest AVAX acquisition is part of a strategy to scale its institutional infrastructure on the Avalanche network. The company aims to develop a leading digital asset treasury platform designed for scale, transparency, and long-term value creation.

Management revealed Avax One holds additional cash on its balance sheet for potential stock buybacks or additional token acquisitions. Avax One intends to continue buying AVAX strategically to optimise returns while aligning to scale on-chain financial infrastructure.

The company said its strategy includes deploying yield-generation methods for existing holdings. Avax One seems optimistic, as its corporate rebrand, announced earlier this month, supported the treasury initiative. 

As outlined in our recent blog post, Avax One became the first Nasdaq-listed firm to build a crypto treasury around the Avalanche network. The firm envisions becoming the largest AVAX digital asset treasury and premier public-market vehicle for long-term exposure to Avalanche.

Meanwhile, the Avalanche Foundation is targeting $1 billion through dual vehicles with discounted AVAX sales for its token reserves. This move is part of a trend where public companies are building crypto treasuries, similar to Strategy with Bitcoin (BTC).