TLDR:
- AVAX One used $110 million to acquire 9.37 million AVAX tokens at an average price of $11.73 per token
- The company now holds over 13.8 million AVAX tokens as part of an aggressive treasury accumulation strategy
- AVAX One has $35 million in cash reserves for additional token purchases and share buybacks going forward
- Management sees the current market volatility as an opportune time to build largest public AVAX liquidity
AVAX One Technology Ltd. has pushed its token holdings past 13.8 million AVAX after acquiring 9.37 million additional tokens.
The company distributed $110 million between November 5 and November 23 at a weighted average price of $11.73 per token. The move marks another step in the company’s plan to build a significant digital asset management business focused on the Avalanche network.
Treasury expansion accelerates after company rebranding
AVAX One launched its treasury accumulation strategy earlier this month along with a new brand.
The NASDAQ-listed company is now positioning itself as an institutional infrastructure player built on Avalanche’s blockchain. CEO Jolie Kahn said the rapid accumulation reflects confidence in Avalanche’s ability to support large-scale financial applications.
The company has about $35 million in cash for additional purchases.
Management sees both the AVAX tokens and the company’s own shares as attractive at current price levels. AVAX One recently approved a $40 million share buyback program and expects to begin buying back shares soon.
Chairman Matt Zhang pointed to the current market conditions equally favorable to accumulation. The company plans to implement yield strategies on existing holdings while continuing to buy in open markets.
Zhang emphasized the focus on increasing AVAX per share as a core measure for shareholders.
The avalanche position is growing amid broader market volatility
AVAX One aims to become the largest public market for exposure to Avalanche ecosystem. The company’s strategy combines outright token purchases with plans to deploy those holdings in return-generating activities.
Management has indicated that it will evaluate additional capital formation options to further scale its position.
The Treasury update follows AVAX One’s transition to becoming a digital asset holding company. The company operates from Vancouver and West Palm Beach.
According to the company’s announcement, it considers Avalanche to be one of the foundational technologies for future financial infrastructure.
AVAX One trades under the ticker AVX on NASDAQ. The company has stated its intention to remain opportunistic with timing on both token acquisitions and share buybacks.
Management frames the strategy as building long-term alignment with Avalanche’s network growth and its growing role in digital financial applications.
The $110 million purchase represents a significant commitment to a single blockchain ecosystem. AVAX One’s total holdings now exceed 13.8 million tokens as it positions itself within the institutional tier of the Avalanche network.
