Avalanche Treasury Firm AVAX One Returns to Nasdaq Compliance After Stock Split

AVAX One Technology, a crypto treasury company that works A flood (AVAX), he announced on Thursday that it has resumed compliance with Nasdaq’s minimum share price requirements, closing the issue that put the company under review for last month’s share price split.

The West Palm Beach, Florida-based company said Nasdaq determined it met Listing Rule 5550(a)(2), which requires that the closing price of the stock be at or above $1.00 per share. Nasdaq found that shares of AVAX One closed above that level for 10 consecutive trading days, from June 15 to June 29, meeting the requirements and closing the issue.

AVAX One traded 1-for-12 shares back on June 15 to meet demand, reducing the stock from more than 92.3 million shares to less than 7.7 million shares.

“We are pleased to once again meet Nasdaq’s minimum share price requirements and appreciate the confidence our shareholders have placed in us throughout,” AVAX One Interim CEO Pete Wylie said in a statement. “With this matter now closed, we are focused on executing our growth and profitability operations. We are making progress on all fronts.”

Wylie stepped down from Chief Operating Officer to interim CEO last week following the departure of CEO Jolie Kahn. The organization is looking for a permanent director to fill this position.

AVAX One said it was built around three business lines: the Avalanche digital treasury, Bitcoin mining, and artificial intelligence infrastructure. AVAX One consists of 14 million AVAX tokens – worth approximately $95 million – which are traded at a 6% yield, and operates Bitcoin mining operations in Alberta, Canada, and Ohio that generate revenue.

The company also said it is looking at AI projects that focus on what it calls the “central” space — space in the 5 to 50 megawatt range that is designed to run business applications, edge computing, and industrial automation that big data centers aren’t designed to house.

AVAX One is among the crypto asset management companies that emerged in 2025, following the original model. Bitcoin treasury firm, The way (formerly MicroStrategy). However, with the decline in crypto prices since last fall, many of these companies are now underwater in their portfolios and/or have lower market caps than their cryptocurrencies.

Avalanche’s market cap is about $40.5 million, below the value of crypto assets. Shares of Avax One (AVX) ended the day up 3.6% at $5.43, down 70% since the beginning of the year.

The Avalanche network’s AVAX token was recently released can be sold for 6.71 US Dollarsup 4% on the day but down 50% since the start of 2026 and 95% from its 2021 high of around $145.