Odaily Planet Daily reports: Avalanche Treasury Company (Nasdaq: AVAT), a digital asset treasury company in the Avalanche ecosystem, has announced its financial results for the second quarter of 2026. The company’s board has approved a $10 million repurchase plan for Class A common shares, aimed at addressing market undervaluation of the company and enhancing shareholder returns.
AVAT CEO Bart Smith stated that the company completed its business combination in the second quarter and began trading on Nasdaq on June 11. Despite pressure in the digital asset market, the Avalanche ecosystem continues to demonstrate growth momentum, with institutions gradually moving from exploration to implementation in areas such as stablecoins, asset tokenization, payments, and real-world assets (RWA).
Financial results show that AVAT reported a net loss of $44.7 million in the second quarter, or $1.54 per share. Approximately $35.7 million of this loss stemmed from market value fluctuations in AVAX holdings, including unrealized gains and losses, realized losses, and impairments; approximately $15.2 million arose from one-time transaction costs related to the business combination, and core management expenses amounted to about $3.5 million.
As of June 30, 2026, AVAT held approximately 15.3 million AVAX, with a holding value of approximately $100 million based on the period-end price. The company generated $1.5 million in net staking income from AVAX during the second quarter, bringing the total staking income for the first half of 2026 to $3.6 million. (Businesswire)