Anthony Scaramucci-Backed AVAX One Approves $40M Stock Buyback

Why It Matters

The buyback signals confidence in AVAX One’s long‑term strategy and may stabilize its stock, while highlighting a broader trend of digital‑asset treasury firms using repurchase programs to mitigate valuation gaps and reassure investors.

Summary

AVAX One, an Avalanche‑focused digital‑asset treasury firm backed by Anthony Scaramucci, announced that its board has authorized up to $40 million of common‑stock repurchases. The buyback program will be executed at the company’s discretion to address a roughly 70 % drop in its share price since the firm’s crypto‑treasury pivot in September. AVAX One, which aims to raise $550 million to acquire AVAX tokens over time, joins other crypto‑treasury firms such as ETHZilla and FG Nexus that are using share buybacks to narrow discounts between market prices and underlying asset values.