# AVAX One Posts $49.89 Million Third-Quarter 2026 Profit By John Kim Canonical URL: https://www.tokenpost.com/news/business/56572 Published: 2026-11-13T11:15:29.000Z Updated: 2026-11-13T11:15:29.000Z Section: Business > AVAX One held 14,170,184 Avalanche (AVAX) and equivalent assets at Sept. 30, 2026, with about 99.7% of its holdings staked. AVAX One Technology Ltd. posted $49.89 million in net income for the third quarter of 2026, reversing a year-earlier loss as unrealized digital-asset gains drove its return to profit. The $55.13 million in unrealized, noncash gains on digital assets was the main contributor. Net income compared with a loss of $8.4 million in the third quarter of 2025. Revenue totaled $2.4 million, up from about $526,000 a year earlier. Staking rewards were about $1.8 million and Bitcoin (BTC) mining income about $700,000; both figures are approximate. Cash and cash equivalents totaled $8.5 million at quarter-end. At Sept. 30, 2026, AVAX One held 14,170,184 Avalanche (AVAX) and equivalent assets. About 850,000 AVAX were deployed in Treehouse. About 99.7% of its holdings were staked, with an annualized yield of about 5.85% on staked assets. The company repaid more than $14.9 million in convertible debt during the quarter, and its [convertible-debt balance had fallen to zero by Nov. 3, 2026](). AVAX One repurchased about 384,000 shares during the quarter and 710,000 shares in October 2026 at an average price of $5.46. AVAX One will continue its AVAX treasury strategy and stop pursuing its previously announced modular data center plan. ## Links in this article - [convertible-debt balance had fallen to zero by Nov. 3, 2026](https://www.tokenpost.com/news/business/54992)