AVAX One board approves stock repurchase plan of up to $40 million

ChainCatcher reported that Nasdaq-listed company AVAX One announced its board of directors has approved a one-year stock repurchase plan with a maximum amount of $40 million. CEO Jolie Kahn stated that the buyback at the current stock price level is an efficient use of capital and demonstrates confidence in the company's long-term strategy and market value. AVAX One focuses on connecting the Avalanche ecosystem with traditional finance, aiming to build a digital asset treasury and promote DeFi innovation.