Avalanche Treasury Corporation (AVAT) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Avalanche Treasury Company Second Quarter twenty twenty six Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Bart Smith, CEO. Please go ahead. Hello, everyone, and thank you for joining us for AVAT's second quarter twenty twenty six earnings call. This is an important quarter for our company, marking our first earnings report since completing our business combination and beginning to trade publicly on NASDAQ. I wanted to start by addressing the market environment we've been operating in and why despite what has been a challenging period for crypto, we remain incredibly excited about the opportunity ahead of AVAT. We successfully completed our business combination in June and began trading as AVAT. Since last October, digital asset prices have been under pressure and we've seen that extend to digital asset companies across the sector as well. To put that environment into perspective, since October 1 to our last filing last Wednesday, Bitcoin is down approximately 50% with broad digital asset indices down even more. We've seen similar pressure across digital asset related public companies. Over that same time period, Coinbase is down approximately 58%, Strategy is down approximately 73% and Bitmine is down approximately 64%. More recent entrants into the public markets have faced similar pressure with Bitcoin down approximately 70% from its IPO price and Securitize down approximately 53% from its listing price. We think that context is important. The pressure we've experienced is becoming a public company has occurred against the backdrop of a broad and significant repricing across digital asset and digital asset related companies. There are a few things that we believe have con...