AVAX One's board of directors approved a stock buyback program of up to $40 million.

Odaily Planet Daily reports that Nasdaq-listed AVAX One announced its board of directors has approved a one-year share buyback program of up to $40 million. CEO Jolie Kahn stated that the buyback is an efficient use of capital at the current share price level, demonstrating confidence in the company's long-term strategy and market value. AVAX One focuses on connecting the Avalanche ecosystem with traditional finance, aiming to build a digital asset vault and drive DeFi innovation.