$AVAX REVENUE EXPLODES 5X โ BUT THE TREASURY STORY IS THE REAL PLAY ๐๐ฅ
Revenue sprinted to $2.8M this quarter โ five times the pace from a year ago. The bulk rolls in from AVAX staking rewards, with Bitcoin mining chipping in. The treasury holds 14.09M AVAX, and roughly 95% sits live in staking, humming along at a 5.4% annualized yield. That's a machine built for on-chain rewards, not just price speculation. ๐
Now the headline $35.1M net loss will spook the skittish โ but dig deeper. Nearly $30M of that is unrealized digital asset markdowns, pure paper pain. Strip the noise and adjusted loss narrows to just $2.2M. Meanwhile, the company keeps buying back shares: 144,800 this quarter, 417,500 since November. That's conviction with skin in the game. โก
The wildcard? Idle 100kW of Bitcoin mining capacity at Redwater is being flipped into AI inference compute. Treasury diversification meets the compute narrative โ that's the kind of flexibility that compounds. Full-year guidance holds at $11-12M revenue with $2-3M EBITDA. ๐ญ
Would you trust a public treasury built on staking yield, or does that paper loss rattle your nerves?
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
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#AVAX #AVX #Crypto #Earnings #Staking ๐