TLDR
- AVAX One Technology repurchased 2,423,383 shares under its $40 million buyback program
- The program was authorized in November 2025; shares trade at $0.76, down 95% from a 52-week high of $22.50
- CEO Jolie Kahn says shares are “materially undervalued” compared to the company’s net asset value
- The company operates as a publicly traded Avalanche blockchain treasury, focused on AVAX accumulation and yield
- AVAX One also launched its first public validator node on the Avalanche network
AVAX One Technology Ltd. has repurchased over 2.4 million of its own shares, citing a belief that its stock is trading well below its actual value.
The West Palm Beach-based company announced the buyback under a $40 million share repurchase program that was first approved in November 2025.
The company’s stock currently trades at $0.76. That’s a drop of 95% from its 52-week high of $22.50.
CEO Jolie Kahn said the company bought shares when the market price was below the company’s 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 said.
Kahn described the purchases as “opportunistic,” meaning the company bought when it saw a gap between the stock price and its internal valuation.
AVAX One is a publicly traded company built around the Avalanche blockchain. It describes itself as the first publicly traded Avalanche treasury.
The company focuses on buying and holding the Avalanche token, known as AVAX, and generating yield on those holdings. Its goal is to increase AVAX holdings per share over time.
How the Buyback Works
All repurchases were made through open market transactions. The company is not required to buy a set number of shares and can change or stop the program at any time.
Future buybacks will depend on market conditions, capital priorities, and regulatory rules.
One financial data note flagged by InvestingPro suggests the company is “quickly burning through cash.” Its current ratio sits at 0.69, which means short-term obligations are higher than its liquid assets.
Validator Node and Broader Strategy
Alongside the buyback, AVAX One recently launched its first public validator node on the Avalanche blockchain. The node supports the Avalanche consensus mechanism and lets delegators stake at a minimum cost, with the company earning revenue from delegation fees.
The company also filed a Form 8-K with a prospectus supplement tied to its existing registration statement on Form S-3.
AVAX One is led by executives from institutional finance and public markets. It aims to give traditional investors a regulated way to access the Avalanche blockchain through treasury management and acquisitions.
Kahn said the team remains “focused on investing in AVAX accumulation and yield opportunities to maximize AVAX per share and create durable shareholder value.”
The validator node launch and the share buyback are both part of the company’s stated plan to grow revenue streams and build a stronger financial base.
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