Avalanche Treasury Corp approved a $10 million Class A share-repurchase program after reporting a $44.7 million second-quarter loss. Approximately $35.7 million of this loss came from fair-value changes, realized losses, and impairments linked to AVAX. As of June 30, the company held 15,312,363 AVAX valued at $99,989,818, heavily exposing its balance sheet and earnings to token price movements. Staking generated $1.5 million in revenue during the quarter, while $15.2 million in one-time costs were tied to completing the business combination. Nasdaq closed one of two compliance matters but provided no update on the separate bid-price issue.
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