Core Viewpoint - AVAX One's shares dropped over 32% following the registration of nearly 74 million insider-held shares for potential resale, raising concerns about dilution among investors [1][2]. Group 1: Company Actions - AVAX One disclosed the registration of nearly 74 million shares held by insiders, which could soon be available for sale on the public market [1]. - The company announced a plan to buy back up to $40 million of its own shares to support share prices if the net asset value of its holdings falls below its market cap [2]. Group 2: Market Reaction - The market reaction indicates significant investor concern regarding potential dilution from the registered shares, which may lead to a decrease in stock prices, particularly in illiquid stocks [2]. - The registration of shares for resale is often interpreted as a signal that previously restricted stock may soon enter the market, further contributing to price declines [2]. Group 3: Industry Trends - Buybacks are increasingly common among crypto-native public firms, with AVAX One's strategy reflecting similar approaches taken by other digital asset treasuries like BitMine and KindlyMD, which are also experiencing stock price pressures [3].