$10 Million Share Repurchase Program Aimed at Addressing AVAT Market Disconnect

Avalanche Treasury Corp's attempt to boost shareholder value continues despite a $44.7 million second-quarter loss.

The company has approved a $10 million Class A share-repurchase program, which is part of its strategy to address what it sees as a market disconnect.

The program aims to create shareholder value by buying back shares in the open market.

The losses reported in Q2 are largely attributed to the decline in value of $AVAX, with about $35.7 million reflecting fair-value changes, realized digital-asset losses, and impairments.

Avalanche Treasury Corp's treasury holdings of $AVAX stood at 15,312,363 units as of June 30, with a reported fair value of $99,989,818.