AVAX One Technology, a crypto treasury firm that holds Avalanche (AVAX), has regained compliance with Nasdaq’s minimum bid price requirement. The company announced on Thursday that Nasdaq confirmed it met Listing Rule 5550(a)(2), which requires a stock’s closing bid price to stay at or above $1.00 per share. The West Palm Beach, Florida-based company’s shares closed above the threshold for 10 consecutive trading days, from June 15 through June 29, satisfying the requirement. AVAX One conducted a 1-for-12 reverse stock split on June 15 to meet the compliance requirement, cutting its supply from over 92.3 million shares to just under 7.7 million shares.
Business Operations
AVAX One is built around three business lines: an Avalanche digital asset treasury, Bitcoin mining, and artificial intelligence infrastructure. The company holds roughly 14 million AVAX tokens—valued near $95 million—staked at an approximate 6% net yield, and runs Bitcoin mining operations in Alberta, Canada, and Ohio that generate cash flow.
Market Performance
AVAX One’s market cap sits around $40.5 million, well below the value of its crypto assets. Avax One (AVX) shares finished the day up about 3.6% at a price of $5.43, down 70% since the start of the year. The Avalanche network’s native AVAX token was recently trading at $6.71, up more than 4% on the day but down 50% since the start of 2026 and 95% from its 2021 peak price of nearly $145.
Based on reporting from crypto.news.
