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AVAX One Technology Ltd. acquired 9.3 million AVAX tokens between November 5 and November 23, expanding its total holdings to 13.8 million tokens, according to a company press release.
The three-week buying spree represents one of the most significant institutional accumulations on the Avalanche network in recent months and signals the firm’s deepening commitment to building treasury reserves on the layer-1 blockchain.
The expansion of AVAX token holdings aims to boost AVAX per share for investors while supporting the company’s long-term onchain financial infrastructure development. Management emphasized that the growing AVAX token holdings are central to a long term value creation strategy for shareholders.
Alongside accumulating AVAX, the company maintains cash reserves to enable potential stock buybacks or further token acquisitions providing flexibility in optimizing returns.
AVAX One indicated its intention to continue acquiring AVAX opportunistically enhancing its AVAX token holdings while aligning with the broader objectives of Avalanche’s onchain financial ecosystem.
The company’s strategy also involves deploying yield generation methods for its existing AVAX token holdings enhancing the overall productivity of its treasury. Earlier this month, AVAX One completed a corporate rebrand designed to support the treasury initiative.
AVAX One recently announced a share repurchase program to complement its accumulation of AVAX token holdings. The company plans to initiate stock purchases shortly, leveraging remaining cash reserves for additional AVAX acquisitions or other capital formation opportunities.
Management emphasized a careful assessment of market conditions to maximize value through both stock buybacks and token acquisitions.
With its growing AVAX token holdings, AVAX One positions itself as a key participant in Avalanche’s onchain financial economy. The company stated that all strategic initiatives are intended to drive AVAX per share growth while prioritizing transparency and governance in managing its digital assets.
AVAX One continues to monitor market opportunities for further expansion of its AVAX token holdings balancing growth potential with financial stability. Management confirmed that strategic acquisition of AVAX tokens remains a central pillar of the company’s long term vision.
