AVAX One Lifts Holdings to 13.8M AVAX with $110M Buy
AVAX One (Nasdaq: AVX) spent $110 million between Nov. 5–23 to acquire 9.38 million AVAX tokens at an average price of $11.73, boosting its holdings to 13.8 million AVAX (≈$193 million). The firm retains $35 million in cash for further AVAX purchases or a planned $40 million share buyback and aims to raise up to $550 million for additional accumulation and buybacks. Supported by advisers including Anthony Scaramucci, CEO Jolie Kahn and Chairman Matt Zhang cite current market volatility as an optimal entry point. This strategy parallels institutional moves like MicroStrategy’s Bitcoin buys and reflects growing institutional interest in the Avalanche ecosystem—from JPMorgan to Apollo and BlackRock—alongside the Avalanche Foundation’s $1 billion treasury. Traders should note that AVAX One’s large-scale token accumulation and share repurchase could tighten AVAX supply and underpin a bullish price outlook.
Bullish
AVAX One’s large-scale acquisition of 9.38 million AVAX and planned share buyback reduce circulating supply and signal strong confidence in Avalanche. Retaining $35 million in cash for further AVAX purchases and raising up to $550 million underline commitment to treasury growth. Institutional backing and parallels to MicroStrategy’s Bitcoin strategy further validate this approach. In the short term, increased demand and tighter supply could boost AVAX price momentum, while the company’s long-term accumulation and buyback program may sustain upward pressure by limiting float and reinforcing investor sentiment.