Avalanche Treasury (AVAT) investor relations material

Executive summary

• Completed business combination with MLAC and began trading on Nasdaq as AVAT on June 11, 2026, marking the first quarter as a public company.

• Operated in a challenging digital asset environment with significant price pressure and capital shifting toward AI and data center infrastructure.

• Focused on accumulating AVAX, staking, and ecosystem integration to provide public-market investors exposure to Avalanche and AVAX.

• Announced a $10 million share repurchase program to enhance shareholder value.

• Institutional and consumer adoption accelerated, with major organizations like FIFA, Progmat, and KB Kookmin Card building on Avalanche.

Financial highlights

• Reported net loss of $44.7 million ($1.54 per share) for Q2 2026, primarily due to $35.7 million in AVAX fair value changes, realized losses, and impairments, and $15.2 million in one-time transaction costs.

• Staking revenue was $1.5 million for Q2 and $3.6 million for the first half of 2026.

• Held approximately 15.3 million AVAX at quarter end, valued at $100 million as of June 30, 2026.

• General and administrative expenses were $3.5 million for Q2.

• Total digital assets amounted to $105.4 million as of quarter end.

Outlook and guidance

• Plans to continue accumulating AVAX, optimizing staking strategies, and deploying treasury to participate in Avalanche ecosystem growth.

• Board approved a $10 million share repurchase plan over the next 12 months.

• Management expects continued volatility in results due to AVAX price fluctuations and evolving digital asset market conditions.

• Sufficient liquidity is expected for at least the next twelve months, supported by cash, digital assets, and new loan facilities.

• Anticipates continued institutional adoption, global expansion, and new applications built on Avalanche.