AVAX One Launches $40M Share Buyback to Boost Stock Amid Crypto Treasury Pivot

AVAX One Technology (AVX), a digital asset treasury firm focused on Avalanche (AVAX), has announced a share repurchase program of up to $40 million as it works to stabilize its declining stock price. The company, which recently shifted its business model toward crypto treasury management, is backed by an advisory board led by hedge fund veteran Anthony Scaramucci.

The board-approved buyback will allow AVAX One to repurchase shares on the open market at its discretion, depending on market conditions. CEO Jolie Kahn confirmed the firm intends to begin purchases soon and will continue evaluating additional buybacks as necessary.

AVAX One’s stock has dropped nearly 70% from its closing price on the day it unveiled its crypto-focused strategy. The buyback move aligns with a growing trend among digital asset treasury companies, several of which are attempting to close the gap between their stock prices and the value of their crypto holdings. Firms such as ETHZilla and FG Nexus have even liquidated portions of their digital assets to finance similar programs.

Formerly known as AgriFORCE Growing Systems, the company rebranded and pivoted in September to concentrate on building a large AVAX-based treasury. AVAX One disclosed plans to raise $550 million over time to accumulate Avalanche tokens as part of its long-term strategy.

The broader shift toward share buybacks highlights increasing pressure on publicly traded crypto treasury firms as their valuations lag behind the performance of their underlying digital assets. AVAX One’s aggressive repurchase plan signals confidence in its transformation and its belief that the market is undervaluing the company’s new direction.

As interest in Avalanche’s ecosystem continues to grow, the buyback could position AVAX One more favorably with investors seeking exposure to blockchain-native treasury models.