According to Bijiie, Avax One has spent $110 million to purchase 9,377,475 AVAX tokens, bringing its total holdings to over 13.8 million AVAX. The company also announced a stock buyback plan of up to $40 million. Avax One stated that the AVAX acquisition is part of its strategy to expand institutional infrastructure on the Avalanche network and develop a leading digital asset management platform. The company holds additional cash for potential stock repurchases or further token acquisitions and plans to continue strategically buying AVAX to optimize returns and expand on-chain financial infrastructure.
Avax One Acquires 13.8M AVAX Tokens for $110M and Announces $40M Stock Buyback Plan
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