Avalanche Treasury Corp. AVAX One Board of Directors Approves $40 Million Stock Repurchase Plan

Techub News, according to CoinDesk, Avalanche treasury company AVAX One announced that its board of directors has approved a stock repurchase plan of up to $40 million. This plan will be executed at the company's discretion based on market conditions.

AVAX One Technology (AVX) is an Avalanche-focused digital asset management company. Its advisory board is chaired by hedge fund veteran Anthony Scaramucci. The company shifted to a cryptocurrency fund management strategy in September, planning to raise $550 million to gradually acquire AVAX.