Overview
- Between Nov. 5 and Nov. 23, the company bought 9,377,475 AVAX for $110 million at a weighted average price of about $11.73.
- It retains roughly $35 million in cash for additional token purchases and has authorized a $40 million stock repurchase program.
- Management plans to deploy yield strategies on its AVAX holdings and is evaluating additional capital formation to expand the position.
- Executives cite recent volatility as a favorable entry point and describe Avalanche as foundational, institutional-grade infrastructure.
- AVAX traded around $13.30 at the time of the disclosure after a volatile year that included a September move above $35.