$44M Loss Sparks Avalanche Treasury's $10M Share Buyback Move

Avalanche Treasury Corp recently approved a $10 million Class A share-repurchase program following a significant second-quarter loss of $44.7 million.

The company's quarterly results show that about $35.7 million of the loss was attributed to fair-value changes, realized digital-asset losses, and impairments related to AVAX.Management described the repurchase program as one tool to create shareholder value while it sees a market disconnect.

The company's treasury holdings at June 30 included 15,312,363 AVAX with a reported fair value of $99,989,818.