- Avax One purchased 9,377,475 of its own tokens in November, increasing its holdings to 13.8 million.
- The company is a digital asset manager and is part of Anthony Scaramucci’s Avalanche group.
Avax One Technology recently A total of 13.8 million AVAX tokens were bought back. The campaign, which began in November 2025 with a $40 million fund, resulted in the purchase of 9,377,475 AVAX tokens between the 5th and 23rd of the month, bringing the total supply to 13.8 million.
CEO Jolie Kahn explained:
“We expect to enter the open market soon and will continue to explore additional repurchases as conditions warrant.”
Significantly, this development comes amid growing anticipation surrounding the AVAX ETFs. As CNF reported, asset managers like Grayscale are waiting for SEC approval to launch the ETF.
Why the buyback program?
Above all, the company wants to push the AVAX token price for investors through scarcity. Ultimately, it’s about increasing shareholder value in the long term.
According to the company’s official statement, they want to continue the accumulation strategy and hoard more AVAX tokens. In addition to tokens, Avax One holds cash reserves for potential stock or other crypto purchases.
As CNF reported, tokens like AVAX are leading the RWA market, which is indeed increasing the demand for them. In response to this surge in demand, the token has recently reacted positively.
As a result of its growing popularity, Bitwise recently launched an exchange product to track Avalanche on the German stock exchange Xetra. This also underlines that cryptocurrency is becoming an important player, also in Germany.
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