AVAT Reports a Net Loss of $44.7 Million in the Second Quarter, Plans to Repurchase $10 Million in Shares
2026-08-26 19:39:08
According to CoinMeta, Avalanche Treasury Company ( AVAT ) announced its financial results for the second quarter of 2026, reporting a net loss of $44.7 million and a loss of $1.54 per share. The board of directors approved a stock repurchase plan worth $10 million. The losses included $35.7 million in fluctuations in AVAX holdings, $15.2 million in consolidated transaction fees, and $3.5 million in administrative expenses. As of June 30, 2026, AVAT held 15.3 million AVAX, valued at $100 million. The company earned $1.5 million in质押 income during the second quarter and a cumulative $3.6 million in质押 income for the first half of the year.
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Source:Internet
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