Nasdaq-listed AVAX treasury firm AVAX One has disclosed a significant purchase of 9,377,475 AVAX tokens, spending approximately $110 million between November 5 and 23, 2025. The average purchase price was $11.73 per token, bringing the company's total AVAX holdings to over 13.8 million tokens. Additionally, AVAX One's board has approved a $40 million stock buyback program, further indicating confidence in its financial strategy.