Markets
What to know:
- AVAX One, the digital asset treasury firm with an advisory hat tip from none other than Anthony Scaramucci, has decided to take a rather dramatic plunge-over 30%-after it registered nearly 74 million insider shares as available for sale. It’s like watching a high-society soirée turn into a slapstick comedy.
- This registration, akin to opening Pandora’s box, has left investors quaking in their boots at the thought of dilution. After all, who wouldn’t be jittery when earlier insiders get the green light to resell their stock?
- AVAX One’s move is emblematic of the broader cryptocurrency sector, which is feeling the financial pinch like a dowager at a tea party. Their stocks are languishing at steep discounts to their token holdings, yet the timing of these sales remains as mysterious as a magician’s final act.
AVAX One, darling of the digital asset realm and guided by the illustrious Scaramucci, found its shares nosediving by more than 32%. This spectacular fall came right after registering a whopping 74 million shares held by insiders-talk about a plot twist!
The company, boasting a treasure trove of AVAX tokens nestled alongside Avalanche ecosystem goodies, made this eyebrow-raising announcement late Tuesday. While they didn’t specify when (or if) those shares would make their grand debut on the market, registering them with the SEC is like giving them a VIP pass to the public stage.
The steep market reaction has investors clutching their pearls over potential dilution. By waving the resale flag, companies often hint at a deluge of previously restricted stock soon to flood the market. Prices can take a nosedive faster than a poorly timed punchline, particularly in the murky waters of illiquid or thinly traded stocks.
In a bid to counteract this dismal situation, AVAX One recently announced a plan to buy back up to $40 million of its own shares-a move that’s as optimistic as a rom-com ending should the net asset value of its holdings dip below the company’s market cap.
Buybacks have become the latest trend among crypto-native public firms, much like a fashionable new cocktail at a swanky gala. AVAX One’s strategy is reminiscent of its peers, such as BitMine and KindlyMD, who also find themselves caught in the tempestuous winds of stock price pressures far below the sparkling shores of their net asset values.
Read More
- Silver Rate Forecast
- Gold Rate Forecast
- USD RUB PREDICTION
- EUR UAH PREDICTION
- USD TRY PREDICTION
- Brent Oil Forecast
- USD IDR PREDICTION
- SEI’s Suicide Dive to $0.20! 🚀😱 Or the Greatest Trick Since Woland Came to Moscow?
- New ETF: Bitcoin and Gold Tango to Save Your Wallet from Currency Woes!
- SOL PREDICTION. SOL cryptocurrency
2026-01-27 19:46