Avalanche Treasury Corp (AVAT) reported a second-quarter 2026 net loss of $44.7 million, or $1.54 per share, after about $35.7 million of AVAX-linked fair-value changes, realized losses and impairments. Its board approved a $10 million Class A share-repurchase program, but the Aug. 26 results release did not disclose any completed purchases, making the authorization a statement of management intent. AVAT held 15,312,363 AVAX valued at $99,989,818 on June 30, exposing earnings and its balance sheet to digital-asset price movements. Staking generated $1.5 million of net revenue in the quarter and $3.6 million in the first half of 2026, while one-time costs related to completing the business combination totaled about $15.2 million. Nasdaq closed the company’s $35 million market-value-of-listed-securities compliance matter after AVAT reported $83.8 million of stockholders’ equity, but the newer filing provided no update on the separate bid-price issue.