AVAX One Reports $49.89 Million Q3 Net Profit and 14.17 Million AVAX Holdings

Avalanche treasury company AVAX One (Nasdaq: AVX) reported $49.89 million in net profit for the third quarter of 2026 and held about 14.17 million AVAX and equivalents as of September 30. According to Foresight News, about 850,000 AVAX were deployed to Treehouse, approximately 99.7% of its holdings were staked, and the annualized yield was about 5.85%. The company said it would continue focusing on its AVAX treasury strategy and would not proceed with its previously announced modular data center plan. AVAX One recorded third-quarter revenue of $2.4 million, up from about $526,000 in the same period last year. Revenue included $1.8 million in staking rewards and $700,000 from Bitcoin mining. Net profit compared with a net loss of $8.4 million a year earlier, primarily reflecting about $55.13 million in non-cash unrealized gains on digital assets. Cash and cash equivalents totaled $8.5 million as of September 30. The company repaid more than $14.9 million in convertible notes during the quarter, bringing the balance to zero as of November 3. It repurchased about 384,000 shares in the third quarter and a further 710,000 shares in October at an average price of $5.46 per share.