Avalanche Treasury sets $10M buyback, $100M AVAX stake
Rhea-AI Filing Summary
Avalanche Treasury Corp (AVAT) reported its second quarter 2026 results and announced a $10 million share repurchase program for its Class A stock, describing buybacks as a tool to address what it views as a disconnect between its share price and underlying value. Management highlighted completion of its business combination and the start of trading on Nasdaq during the quarter.
Results were heavily influenced by the decline in the market price of AVAX and one-time transaction costs, with the company stating that the vast majority of its net loss related to AVAX mark-to-market changes and business combination expenses rather than ongoing operating costs. As of June 30, 2026, AVAT held approximately 15.3 million AVAX with a $100 million carrying value, and continues to stake these holdings. Staking revenue, net of fees, was about $1.5 million in the quarter and $3.6 million in the first half of 2026.
AVAT emphasized the broader Avalanche ecosystem’s growth: Avalanche’s C-Chain processed about 236 million transactions and roughly $84 billion in stablecoin transfer volume in the quarter. The company cited institutional initiatives, including plans to migrate more than $2 billion of tokenized securities to Avalanche infrastructure and new stablecoin and Layer 1 projects, as support for its strategy of accumulating AVAX and productively deploying its treasury.
Positive
- $10 million share repurchase program approved for Class A stock, signaling management’s willingness to return capital and address what it views as a disconnect between AVAT’s market price and underlying value.
- As of June 30, 2026, AVAT held 15.3 million AVAX with a $100 million carrying value and generated $1.5 million in Q2 and $3.6 million in first-half 2026 staking revenue, providing recurring yield from its treasury.
Negative
- Management states that the vast majority of reported net loss in Q2 2026 was driven by the decline in AVAX’s market price and business combination expenses, underscoring earnings volatility tied to digital asset valuations and one-time transaction costs.
8-K Event Classification
Key Figures
Key Terms
carrying value financial
staking financial
tokenized securities financial
stablecoin financial
business combination financial
Earnings Snapshot
FAQ
What did AVAT (Avalanche Treasury Corp) announce in its latest 8-K?
How large is AVAT’s AVAX treasury according to the 8-K for AVAT?
What staking revenue did AVAT (AVAT) generate in Q2 2026?
Why did AVAT report a net loss in the second quarter of 2026?
What Avalanche ecosystem metrics did AVAT (AVAT) highlight?
What is the focus of AVAT’s long-term strategy as described in the 8-K?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13
OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b- 2 of this chapter).
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Item 2.02. Results of Operations and Financial Condition.
On August 26, 2026, Avalanche Treasury Corporation, a Delaware corporation (the “Company”), issued a press release announcing its financial results for the quarter ended June 30, 2026. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information in this Item 2.02, including the Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), except as shall be expressly set forth by specific reference in such filing.
Item 7.01. Regulation FD Disclosure.
The Company is furnishing its earnings call presentation for the quarter ended June 30, 2026 (the “Presentation”), attached as Exhibit 99.2 to this Current Report on Form 8-K, which may be referred to on the Company’s conference call for the financial results for the quarter ended June 30, 2026 to be held on August 26, 2026. The Presentation will also be available on the Company’s website at https://www.avat.com/.
The information in this Item 7.01, including the Exhibit 99.2 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, nor shall it be deemed incorporated by reference in any filing under the Securities Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. |
Description | |
| 99.1 | Press release, dated August 26, 2026, reporting Avalanche Treasury Corporation’s financial results for the quarter ended June 30, 2026. | |
| 99.2 | Earnings call presentation for the quarter ended June 30, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
| 1 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| Avalanche Treasury Corporation | |||
| By: | /s/ Sean Ostrower | ||
| Name: | Sean Ostrower | ||
| Title: | Chief Financial Officer | ||
Dated: August 26, 2026
| 2 |
Exhibit 99.1
Avalanche Treasury Company Reports Second Quarter 2026 Financial Results
NEW YORK, August 26, 2026 – Avalanche Treasury Company (Nasdaq: AVAT) (“AVAT” or the “Company”), a publicly traded digital asset treasury company focused on the Avalanche ecosystem, today presented its financial results for the second quarter ending June 30, 2026.
The company today announced that its Board of Directors has approved a 10 million dollar share repurchase program for the repurchase of company class A stock. We believe this is one of the tools we have at our disposal to create shareholder value while this perceived disconnect exists in the market.
“Our second quarter marked an important milestone for AVAT as we completed our business combination and began trading publicly on Nasdaq,” said Bart Smith, Chief Executive Officer of AVAT. “While digital asset prices have faced significant pressure, we believe the underlying fundamentals of blockchain adoption tell a very different story. With record network activity and marquee institutional partnerships, Avalanche continues to demonstrate the kind of growth and adoption we believe will define the next generation of global financial infrastructure. Institutions are moving beyond exploration and increasingly toward implementation across stablecoins, tokenization, payments and real-world assets. Against that backdrop, we remain focused on executing our long-term strategy: accumulating AVAX, productively deploying our treasury and positioning AVAT to participate in the continued institutional adoption of Avalanche.”
Second Quarter 2026 Highlights
| · | Completed the Company’s business combination and began trading on Nasdaq under the ticker AVAT on June 11, 2026. |
| · | Held approximately 15.3 million AVAX at quarter end, representing approximately $100 million in carrying value at June 30, 2026 prices. |
| · | Generated $1.5 million of staking revenue, net of fees, during the quarter and $3.6 million during the first half of 2026. |
| · | Continued to productively deploy the Company’s AVAX treasury through staking while evaluating opportunities to participate more deeply across the Avalanche ecosystem. |
Financial Highlights
| · | Reported net loss of $44.7 million, or $1.54 per share, for the second quarter of 2026. |
| · | Approximately $35.7 million of losses (around 80%) were attributable to market-driven losses on the Company’s AVAX holdings, including fair value changes, realized losses and impairments. |
| · | Incurred approximately $15.2 million of one-time transaction costs associated with completing the business combination. |
| · | Reported core general and administrative expenses of approximately $3.5 million. |
The Company’s second quarter results reflect both the decline in the market price of AVAX during the period and one-time expenses associated with completing its business combination. The vast majority of the Company’s reported net loss was attributable to market-driven changes in the value of its AVAX holdings and transaction-related expenses, rather than the ongoing cost of operating the business.
With the business combination complete, AVAT enters the second half of 2026 focused on its core strategy of accumulating AVAX, productively deploying its treasury and identifying opportunities to participate in the continued growth of the Avalanche ecosystem.
Treasury Strategy Update
AVAT’s treasury remains central to the Company’s strategy. As of June 30, 2026, the Company held approximately 15.3 million AVAX, representing approximately $100 million in carrying value at quarter-end prices.
The Company continues to stake its AVAX holdings to generate recurring yield. Staking revenue, net of fees, totaled approximately $1.5 million during the second quarter and $3.6 million during the first half of 2026.
AVAT believes its treasury strategy provides shareholders with differentiated public-market exposure to Avalanche while enabling the Company to productively deploy its holdings and participate in the broader growth of the ecosystem.
Avalanche Ecosystem Update
Despite a challenging market environment for digital assets, adoption and activity across the Avalanche ecosystem continued to advance during the quarter.
Avalanche’s C-Chain processed approximately 236 million transactions during the second quarter, marking a record quarter and the seventh consecutive quarter of transaction growth. Stablecoin transfer volume reached approximately $84 billion during the period.
Institutional and enterprise adoption also continued across global markets. FIFA operated its purpose-built blockchain using Avalanche technology during the 2026 FIFA World Cup. In Japan, Progmat announced plans to migrate more than $2 billion of tokenized securities onto Avalanche infrastructure. In Korea, KB Kookmin Card announced plans to build a stablecoin payment system and dedicated Layer 1 on Avalanche.
The Company believes these developments demonstrate the growing use of Avalanche infrastructure across tokenization, payments, stablecoins and consumer applications, while reinforcing Avalanche’s global reach and its potential role in the next generation of financial and digital infrastructure.
Looking ahead, AVAT continues to evaluate additional opportunities across the Avalanche ecosystem that the Company believes have the potential to create new sources of revenue and long-term value for shareholders.
Conference Call Information
AVAT management will host a conference call to discuss second quarter 2026 financial results on Wednesday, August 26, 2026, at 4:00 p.m. ET.
Following the presentation, the recording along with supplemental presentation materials will be available on the Investor Relations section of AVAT’s website.
About AVAT
AVAT (Avalanche Treasury Co.) is a Nasdaq-listed company that provides investors with exposure to the Avalanche ecosystem as businesses move on-chain. Investors in AVAT hold shares in a publicly listed company whose value is tied to Avalanche, the blockchain technology platform of choice for some of the world’s most recognized and trusted institutions. AVAT is designed for those who want access to the blockchain infrastructure that offers flexibility, interoperability, and speed without holding a digital asset directly. For more information, visit avat.com.
About Avalanche
Avalanche is a technology platform built for business. Enterprises, financial institutions, consumer applications, and governments run core infrastructure on Avalanche as it provides reliability, compliance, and speed. For more information, visit avax.network.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding AVAT’s operating and financial performance and its ability to execute its strategy, improve operational opportunities, and increase shareholder value through accumulation of AVAX, productive deployment of treasury and positioning of AVAT to participate in the continued institutional adoption of Avalanche; AVAT’s ability to provide shareholders with differentiated public-market exposure to Avalanche; productive deployment by AVAT of its holdings; participation of AVAT in the growth of the Avalanche ecosystem; the generation of recurring yield through AVAX staking; the growing use of Avalanche infrastructure across tokenization, payments, stablecoins and consumer applications; Avalanche’s role in the next generation of financial and digital infrastructure; the markets, products, and services available on the Avalanche network; and any repurchases pursuant to the share repurchase program. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties, and other important factors that may cause actual future events, results, or achievements to be materially different from the Company’s expectations and projections expressed or implied by the forward-looking statements. Important factors include, but are not limited to, those discussed under the caption “Risk Factors” in AVAT’s Quarterly on Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on August 19, 2026, AVAT’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 10, 2026 and in AVAT’s other filings with the SEC.
Forward-looking statements speak only as of the date of this press release, and AVAT assumes no obligation to update such forward-looking statements, except as required by law.
AVAT intends to use its website as a channel of distribution to disclose information which may be of interest or material to investors and to communicate with investors and the public. Such disclosures will be included on AVAT’s website. As a result, AVAT encourages investors and others interested to review the information that it posts and to monitor such portions of AVAT’s website and social media channels on a regular basis, in addition to following AVAT’s press releases, SEC filings, and public conference calls and webcasts. The contents of AVAT’s website and social media channels shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
Contact:
Investor Relations:
Email: ir@avat.com
Website: avat.com/investor-relations
Media Relations:
Email: media@avat.com
Exhibit 99.2
| AVALANCHE TREASURY COMPANY NASDAQ: AVAT avat.com Second Quarter Financial Results August 26, 2026 |
| Financial information is unaudited and subject to change. Successfully Completed Business Combination Challenging Digital Asset Environment Capital & Mindshare Concentrated in AI Adoption Continues to Accelerate Completed our business combination in June 2026 and began trading on Nasdaq as “AVAT” Crypto assets and digital asset public companies have faced significant price pressure amid macroeconomic and geopolitical uncertainty AI and data center infrastructure have absorbed a significant share of growth capital and investor attention Stablecoins, tokenized equities, real-world assets and 24/7 markets continue to advance despite the challenging price environment Positioned for the Opportunity Ahead |
| Q2 Highlights: $(44.7)M Net Loss Q2 2026 Staking Revenue, Net AVAX Held @ 6/30 Total Digital Assets NAV @ 6/30 Business combination with MLAC closed June 11 , 2026 th Takeaway: The loss reflects the AVAX market and one-time costs of going public – not the underlying cost of running the business. Core G&A was $3.5M, staking revenue is recurring, and the treasury strategy is fully operational as a public company Q1 2026: $(26.8)M Q1 2026: $2.1M Q1 2026: 15.1M $1.5M 15.3M $105.4M $85M Financial information is unaudited and subject to change. Q2 2026 Financial Update |
| Financial information is unaudited and subject to change. As institutions move onchain, we believe Avalanche is uniquely positioned to provide the infrastructure for the next generation of global markets. 1 2 3 Built for Institutions Built for Tokenization Built for Global Scale Customizable Layer 1s designed around the needs of businesses and institutions Control · Customization · Connectivity KB Kookmin Card → Dedicated Avalanche L1 + stablecoin payment system Infrastructure designed for an increasingly 24/7, onchain financial system Fast Finality · Scalability · Efficient Settlement Stablecoins · Equities · Private Credit · Money Markets A global ecosystem spanning institutional and consumer adoption U.S. · Korea · Japan · Hong Kong FIFA → Purpose-built blockchain powered by Avalanche Why Avalanche? |
| Adoption Continues to Accelerate Financial information is unaudited and subject to change. Global Consumer Adoption $2B+ Tokenized Securities Institutional Payments Q2 C-Chain Transactions FIFA operates its purpose-built blockchain utilizing Avalanche technology Japan’s leading security token platform announced its migration to Avalanche KB Kookmin Card is building a stablecoin payment system and dedicated Avalanche L1 Record quarter and 7 consecutive quarter of transaction growth th Institutional, consumer, and network momentum continued through the quarter: Network Activity: 235.6M Q2 Transactions $84.4B stablecoin transfer volume Rain enables stablecoin-powered card spending across 150M+ Visa-accepting merchants |
| Disclaimers All statements, other than statements of present or historical fact included in this presentation, including, without limitation, regarding the acceleration of consumer and institutional adoption of the Avalanche network, increased tokenization of financial systems, the adaptability of Avalanche Layer 1 protocols to the needs of businesses and institutions, the growth of network activity and transaction value on the Avalanche network, the use of Avalanche for purpose built blockchain applications and AVAT’s ability to execute its business plan and realize the anticipated results and success of AVAT’s strategic approach are forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside AVAT’s control and are difficult to predict. Additional information about factors that could materially affect AVAT is set forth under the “Risk Factors” section in (i) AVAT’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 10, 2026 and (ii) AVAT’s quarterly report on Form 10-Q filed with the Securities and Exchange Commission on August 19, 2026, and available on the SEC’s website at www.sec.gov. Except as otherwise required by applicable law, AVAT disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Should underlying assumptions prove incorrect, actual results and projections could differ materially from those expressed in any forward-looking statements. |
