TLDR
- AVAX One Technology has bought back 2,423,383 shares as part of its $40 million repurchase initiative.
- The initiative was greenlit in November 2025; the stock is currently priced at $0.76, marking a 95% decline from its 52-week peak of $22.50.
- CEO Jolie Kahn maintains that the stock is “materially undervalued” when measured against the firm’s net asset value.
- The company functions as a publicly traded treasury for the Avalanche blockchain, prioritizing the accumulation of AVAX and yield generation.
- AVAX One has also deployed its inaugural public validator node on the Avalanche network.
AVAX One Technology Ltd. has acquired over 2.4 million of its own shares, asserting that the market price does not reflect the company’s true worth.
The West Palm Beach-based firm initiated the buybacks under a $40 million program originally authorized in November 2025.
Trading at $0.76, the company’s stock has fallen 95% from its 52-week high of $22.50.
CEO Jolie Kahn noted that the company executed these purchases while the market price sat below its net asset value. “We believe our shares remain materially undervalued relative to the strength of our operating platform and the long-term opportunity ahead for the Avalanche blockchain,” she stated.
Kahn characterized the move as “opportunistic,” noting that the firm acted to capitalize on the discrepancy between the share price and its internal valuation.
AVAX One is a publicly traded entity centered on the blockchain, positioning itself as the first public treasury for Avalanche.
The firm’s strategy involves purchasing and retaining the Avalanche token (AVAX) while generating yield, with the objective of boosting the amount of AVAX held per share over time.
How the Buyback Works
The repurchases were conducted via open market transactions. The company is under no obligation to purchase a specific quantity of shares and retains the right to modify or terminate the program at its discretion.
Future repurchase activity will be contingent upon regulatory requirements, capital allocation priorities, and prevailing market conditions.
Data from InvestingPro has highlighted a concern that the company is “quickly burning through cash,” with a current ratio of 0.69, indicating that short-term liabilities exceed liquid assets.
Validator Node and Broader Strategy
In addition to the buyback, AVAX One recently debuted its first public validator node on the Avalanche blockchain. This node supports the network’s consensus mechanism and allows delegators to stake at a low cost, providing the company with revenue through delegation fees.
The firm also submitted a Form 8-K along with a prospectus supplement related to its existing Form S-3 registration statement.
Managed by professionals with backgrounds in public markets and institutional finance, AVAX One seeks to provide traditional investors with a regulated gateway to the Avalanche blockchain through treasury management and strategic acquisitions.
Kahn emphasized that the team is “focused on investing in AVAX accumulation and yield opportunities to maximize AVAX per share and create durable shareholder value.”
Both the validator node deployment and the share repurchase program are central to the company’s strategy of expanding revenue streams and strengthening its financial foundation.
