Avalanche Treasury Firm AVAX One Reclaims Nasdaq Compliance After Reverse Stock Split
AVAX One Technology regained Nasdaq compliance with the exchange’s $1 minimum bid-price rule after its shares closed above $1 for 10 straight trading days from June 15 to June 29. The company had completed a 1-for-12 reverse stock split on June 15 to restore compliance, reducing its share count from more than 92.3 million to under 7.7 million. Interim CEO Pete Wylie said the matter is closed and the company is refocusing on growth and profitability. AVAX One is built around an Avalanche treasury, Bitcoin mining, and AI infrastructure. It holds about 14 million AVAX tokens, worth roughly $95 million, and says those tokens are staked at about a 6% net yield. The company also mines Bitcoin in Canada and Ohio and is exploring smaller “middle-market” AI data center projects. Its market cap remains around $40.5 million, well below its crypto holdings, and its shares are down about 70% this year.
