TLDR: AVAX One deployed $110M to acquire 9. 37M AVAX tokens at an average price of $11. 73 per token Company now holds over 13. 8M AVAX tokens as part of aggressive treasury accumulation strategy AVAX One maintains $35M in cash reserves for additional token purchases and share buybacks ahead Management views current market volatility as opportune timing to build largest public AVAX treasury AVAX One Technology Ltd. has pushed its token holdings past 13. 8 million AVAX after acquiring 9. 37 million additional tokens. The company deployed $110 million between November 5 and November 23 at a weighted average price of $11. 73 per token. The move marks another step in the firm’s plan to build a substantial digital asset treasury focused on the Avalanche network. Treasury Expansion Accelerates After Corporate Rebrand AVAX One launched its treasury accumulation strategy earlier this month alongside a corporate rebrand. The NASDAQ-listed company now positions itself as an institutional infrastructure player building on Avalanche’s blockchain. CEO Jolie Kahn said the rapid accumulation reflects confidence in Avalanche’s capacity to support large-scale financial applications. The company maintains approximately $35 million in cash for additional purchases. Management views both AVAX tokens and the company’s own stock as attractive at current price levels. AVAX One recently authorized a $40 million share repurchase program and expects to begin buying back stock soon. Chairman Matt Zhang pointed to current market conditions as favorable for accumulation. The company plans to deploy yield strategies on existing holdings while continuing open market purchases. Zhang emphasized the focus on increasing AVAX per share as a core metric for shareholders. Avalanche Position Grows Amid Broader Market Volatility AVAX One aims to become the largest public market vehicle for exposure to Avalanche’s ecosystem. The company’s strategy combines direct token purchases with plans for deploying those holdings in yield-generating activities. Management has indicated it will evaluate additional capital formation options to scale its position further. The treasury update follows AVAX One’s shift toward becoming a digital asset holding company. The firm operates out of Vancouver and West Palm Beach. According to the company’s announcement, it considers Avalanche one of the foundational technologies for future financial infrastructure. AVAX One trades under the ticker AVX on NASDAQ. The company has stated its intention to remain opportunistic with timing on both token acquisitions and stock buybacks. Management frames the strategy as building long-term alignment with Avalanche’s network growth and its expanding role in digital finance applications. The $110 million purchase represents a significant commitment to a single blockchain ecosystem. AVAX One’s total holdings now exceed 13. 8 million tokens as it positions itself within the Avalanche network’s institutional tier.
https://blockonomi.com/avax-one-drops-110m-on-avalanche-tokens-holdings-hit-13-8m/
Tag: yield-generating
Cardano enters the checkout lane, partners with Wirex for global crypto card
Cardano is down over 32% year-to-date, but that hasn’t stopped the blockchain platform from generating excitement with the launch of a global crypto card ahead of its namesake summit in Germany.
Wirex, a leading digital payments platform, will issue the Cardano Card to millions of users worldwide. This innovative card brings ADA along with more than 685 other cryptocurrencies into a single platform that seamlessly connects blockchain finance with traditional payment rails.
According to a press release dated November 11, EMURGO, a founding entity of the Cardano (ADA) blockchain, has partnered with Wirex to issue the first-ever Cardano Card. This partnership was announced ahead of the Cardano Summit 2025, scheduled for November 12-13 at Berlin’s Gasometer Schöneberg.
Summit attendees will be among the first to see both the physical plastic and metal Cardano Cards, as well as the virtual card options. Wirex will integrate the Cardano Card directly into its existing application, giving its extensive user base immediate access.
Wirex co-founder Georgy Sokolov expressed enthusiasm about the collaboration, stating, “We’re thrilled to see Cardano launch their first-ever card offering through the Wirex ecosystem. This marks not only a major milestone for Cardano as they expand into the global banking and payments space, but also a testament to their commitment to driving real-world adoption under their brand.”
**Cardano Card Bridges Traditional Finance with Onchain Finance**
The Cardano Card will function as a multi-chain spending tool, allowing holders to transact with over 685 cryptocurrencies and stablecoins anywhere Visa is accepted. Beyond simple payments, the card is fully integrated into Wirex’s financial ecosystem.
Users will be able to access yield-generating accounts, secure loans against digital assets, and utilize structured trading products directly through the platform — expanding the card’s utility well beyond payments.
EMURGO CEO Phillip Pon highlighted the significance of this partnership as a strategic leap for Cardano’s commercial presence. He emphasized that this is “more than just a crypto card launch,” noting that it dramatically increases Cardano’s visibility within traditional banking. Pon described the Cardano Card as a “user-facing product that is mobile-ready, fintech-friendly, and uniquely built for onchain finance.”
Wirex’s extensive experience and global footprint bring considerable weight to this endeavor. Since its founding, Wirex has processed over $20 billion worth of crypto transactions and supports more than 150 traditional and digital assets. With 6 million users across 130 countries, it stands as one of the few payment providers capable of scaling a blockchain-specific card on a global level.
The launch of the Cardano Card marks an important step in bridging the gap between decentralized finance and the mainstream financial world, promising new possibilities for crypto holders around the globe.
https://crypto.news/cardano-enters-the-checkout-lane-partners-with-wirex-for-global-crypto-card/