Avalanche Treasury (ticker: AVAT) posted a net loss of $44.7 million in the second quarter, and approved a $10 million stock repurchase plan.

Avalanche treasury company AVAT has released its Q2 2026 financial results, with its board of directors approving a $10 million Class A common stock repurchase plan. The company completed its business combination on June 11 and began trading on the Nasdaq under the ticker symbol "AVAT". AVAT posted a net loss of $44.7 million in the second quarter, or $1.54 per share. Approximately $35.7 million, or around 80% of the net loss, stemmed from fair value changes, realized losses, and impairments on its AVAX holdings; the business combination generated roughly $15.2 million in one-time transaction costs, while core general and administrative expenses totaled about $3.5 million. As of June 30, AVAT held approximately 15.3 million AVAX, with a carrying value of around $100 million. The company generated $1.5 million in adjusted quarterly revenue from staking its AVAX; staking revenue totaled $3.6 million for the first half of the year, and it will continue to accumulate and deploy AVAX treasury assets going forward.