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AVAX One CEO says $35.1M quarterly loss masks growth in its staking and treasury business – TON BOT

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AVAX One CEO says $35.1M quarterly loss masks growth in its staking and treasury business

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AVAX One reported a $35.1 million loss in the second quarter, with $33 million in non-cash charges. Staking revenue helped increase quarterly revenue to $2.8 million. The company held 14.09 million AVAX tokens, with 95% staked. CEO Pete Wylie emphasized a conservative approach to debt and a focus on established yield partners.

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