Avax One has acquired 9,377,475 AVAX tokens for $110 million, increasing its total holdings to over 13.8 million AVAX. The acquisition is part of Avax One's strategy to enhance institutional infrastructure on the Avalanche network and develop a premier digital asset management platform. In addition to the token purchase, Avax One announced a $40 million stock buyback plan. The company retains additional cash reserves for potential further stock repurchases or token acquisitions, aiming to optimize returns and expand its on-chain financial infrastructure.