AVAX One Repurchases 2,423,383 Shares Under $40 Million Share Repurchase Program
Rhea-AI Summary
AVAX One (Nasdaq: AVX) announced it repurchased 2,423,383 shares of common stock under its previously authorized $40 million share repurchase program on March 5, 2026. The company said repurchases were made opportunistically since the program’s November 2025 authorization and may continue as market conditions evolve.
Repurchases can be executed in the open market or by other lawful means; the program may be modified, suspended, or discontinued at any time.
Positive
- 2,423,383 shares repurchased under the program
- $40 million authorized share repurchase program supports buybacks
Negative
- No obligation to repurchase any specific number of shares
- Program may be modified, suspended, or discontinued at any time
Key Figures
Market Reality Check
Peers on Argus
No peers from the Finance Services / Electronic Components group were flagged in the momentum scanner, indicating the 7.46% move appears stock-specific to AVAX One’s buyback update.
Previous Buybacks Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 20 | Share repurchase authorization | Positive | +10.0% | Board authorized up to <b>$40 million</b> share repurchase program for AVAX One. |
Prior buyback news on Nov 20, 2025 coincided with a 10% gain, broadly consistent with today’s positive reaction to tangible repurchases.
Over the last several months, AVAX One has used buybacks as a core capital allocation lever. The Board authorized a $40 million share repurchase program on Nov 20, 2025, which previously saw a 10% next-day move. Today’s update confirms execution with 2,423,383 shares repurchased. In parallel, recent disclosures highlighted AVAX-centric treasury strategies and validator infrastructure, framing buybacks as one component of a broader onchain finance and capital return strategy.
Historical Comparison
Historically, AVAX One’s single prior buyback announcement on Nov 20, 2025 led to a 10% move. Today’s 7.46% gain on concrete repurchase activity tracks closely with that pattern.
The company progressed from authorizing a $40 million buyback in Nov 2025 to executing repurchases totaling 2,423,383 shares, signaling follow-through on its capital return plan.
Market Pulse Summary
This announcement details tangible execution on AVAX One’s $40 million buyback, with 2,423,383 shares already repurchased. It follows prior guidance calling for 2026 revenue of $11M–$44M and EBITDA of $2M–$25M, alongside AVAX-focused treasury and staking initiatives. Investors may track how continued repurchases interact with a share price trading 96.54% below its 52-week high and a history of negative 2025 EBITDA as they assess risk and capital allocation discipline.
Key Terms
open market purchases financial
securities laws and regulations regulatory
AI-generated analysis. Not financial advice.
WEST PALM BEACH, FL, March 05, 2026 (GLOBE NEWSWIRE) -- AVAX One Technology Ltd. (Nasdaq: AVX) (“AVAX One” or the "Company"), today announced that it has repurchased an aggregate of 2,423,383 shares of its common stock under its previously authorized
“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,” said Jolie Kahn, Chief Executive Officer of AVAX One. “Since the authorization of our
Repurchases under the program may be made from time to time through open market purchases or other means permitted under applicable securities laws and regulations. The timing and amount of repurchases will depend on market conditions, capital allocation priorities, regulatory requirements and other corporate considerations. The Company is not obligated to repurchase any specific number of shares, and the program may be modified, suspended or discontinued at any time.
About AVAX One Technology Ltd.
AVAX One Technology Ltd. (NASDAQ: AVX) is the first publicly traded Avalanche Treasury company, building the premier institutional gateway to the onchain financial economy powered by the Avalanche blockchain network. Through AVAX accumulation, onchain yield, and strategic acquisitions, the Company aims to compound long-term value for its shareholders while supporting the growth of the Avalanche ecosystem. Led by a team of veterans from institutional finance and public company backgrounds and advised by leaders from across the digital asset industry, AVAX One is being built to be a scalable, regulated gateway for public market investors to participate in the growth of the onchain economy. For more information, visit www.avax-one.com.
Forward Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by the use of words such as "anticipate," "expect," "plan," "could," "may," "will," "believe," "estimate," "forecast," "goal," "project," and other words of similar meaning. These forward-looking statements address various matters including statements relating to the anticipated benefits and timing of the completion of the proposed offering and related transactions, the intended use of proceeds from the PIPE offering, expectations regarding future capital raising activity, the assets to be held by the Company, expectations regarding adoption of the Avalanche network, the expected future market, price and liquidity of the digital assets the Company acquires, the macro and political conditions surrounding digital assets, the Company's plan for value creation and strategic advantages, market size and growth opportunities, regulatory conditions, competitive position and the interest of other entities in similar business strategies, technological and market trends, future financial condition and performance, the expected financial impacts of the proposed transactions described herein, and the timing of the closing of the PIPE offering. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the proposed transactions described herein may not be completed in a timely manner or at all; failure to realize the anticipated benefits of the transactions and the proposed AVAX strategy; changes in business, market, financial, political and regulatory conditions; risks relating to the Company's operations and business, including the highly volatile nature of the price of AVAX and other cryptocurrencies; the risk that the price of the Company's securities may be highly correlated to the price of the digital assets that it holds; risks related to increased competition in the industries and markets in which the Company does and will operate (including the applicable digital assets market); risks relating to significant legal, commercial, regulatory and technical uncertainty regarding digital assets generally; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes, as well as those risks and uncertainties identified in the Company's filings with the SEC. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. The statements made in this press release are not intended to be projections of the Company's future results nor an offer of a future securities transaction by the Company. Any offering in the future will be made through compliance with all applicable regulations and the filing of appropriate documents with the SEC, as required under those regulations.
Investor Relations Contact
Sean Mansouri, CFA or Aaron D’Souza
Elevate IR
(720) 330-2829
AVX@elevate-ir.com
FAQ
How many shares did AVAX One (AVX) repurchase on March 5, 2026?
What is the size of AVAX One's (AVX) share repurchase program authorized in November 2025?
Will AVAX One (AVX) continue repurchasing shares after the March 5, 2026 activity?
How might AVAX One's (AVX) repurchases affect AVAX per share and shareholder value?
Through what methods can AVAX One (AVX) execute repurchases under the program?
Does AVAX One (AVX) have to buy a set number of shares under the $40 million program?
