Crypto
Avalanche Treasury Seeks Shareholder Value After $44M Q2 Loss
Avalanche Treasury Corp took a hit in its second-quarter results, reporting a $44.7 million loss.
About $35.7 million of this loss was attributed to fair-value changes, realized digital-asset losses, and impairments linked to AVAX ($7.36 · Live).
The company's board approved a $10 million Class A share-repurchase program in response to the quarterly results.
Management described the program as one tool to create shareholder value while it sees a market disconnect.