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Avalanche Treasury approved a $10M AVAX-linked share buyback after loss
The board authorized the buyback after AVAT reported a $44.7 million second-quarter loss, including $35.7 million tied to AVAX fair-value changes, realized losses, and impairments.
Avalanche Treasury Corp (AVAT) approved a $10 million Class A share-repurchase program after reporting a $44.7 million second-quarter loss, with about $35.7 million of the loss attributed to items linked to AVAX, according to disclosures in the company’s Aug. 26 results release, cited by CryptoSlate. Management said the program is one tool to create shareholder value as it points to a market disconnect.
CryptoSlate reports that the earnings impact reflected a mix of fair-value changes, realized digital-asset losses, and impairments. The filing does not disclose any completed purchases, and the near-term effect is described as management intent rather than confirmed cash spent during the quarter.
The quarter also included revenue from staking of $1.5 million, net of fees, and $3.6 million for the first half of 2026, while the company recorded about $15.2 million of one-time costs tied to completing its business combination, the outlet said. As of June 30, AVAT held 15,312,363 AVAX with a reported fair value of about $99.99 million, leaving the reported earnings exposed to token price moves and treasury activity.
Separately, Nasdaq closed a compliance matter tied to the market value of listed securities after AVAT reported $83.8 million of stockholders’ equity. CryptoSlate notes Nasdaq Rule 5550(b)(2) allows an alternative compliance threshold of at least $2.5 million of equity, and the exchange had given AVAT an initial compliance period through Feb. 2, 2027, with the newer filing addressing only the market-value issue.
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