- Avalanche price aims to hold the $20 level.
- Nasdaq-listed AgriFORCE has secured shareholder approval to pursue an Avalanche treasury strategy.
- The company says it is targeting a $700 million AVAX treasury strategy.
The price of Avalanche is holding above $20 amid reports that Nasdaq-listed AgriFORCE Growing Systems has won shareholder backing for a bold pivot into the Avalanche ecosystem.
The AVAX token, which rebounded from lows near $18 over the past week, has shown notable resilience amid broader market optimism around a potential altcoin rally.
AgriFORCE aims for a $700 million AVAX treasury strategy
AgriFORCE, a Nasdaq-listed company traditionally focused on sustainable agricultural technologies, is planning an aggressive shift to a crypto treasury strategy centered on Avalanche.
The company intends to become the first publicly traded Nasdaq-listed entity devoted primarily to the Avalanche blockchain. The business will operate under the new name AVAX One.
On October 27, AgriFORCE announced it had received special shareholder approval to pursue the initiative.
A $300 million capital infusion and an additional $250 million offering have been allocated to fund the company’s aggressive AVAX treasury strategy.
Overall, AgriFORCE says it is prepared to deploy up to $700 million for AVAX exposure through direct purchases, staking, and participation across the ecosystem.
Matt Zhang, founder of Hivemind and the nominated chair of AgriFORCE’s board, said:
“With this mandate from shareholders we can now move to close the transaction and begin focused work on strategic AVAX accumulation and building a Berkshire Hathaway-style financial engine on-chain.”
AVAX price holds above $20: Is $40 next?
Despite corporate headlines, Avalanche’s native token is demonstrating price resilience.
Although AVAX dipped from weekly highs near $21, bulls managed to lift the token from lows around $18. Maintaining support above the psychologically important $20 level suggests potential bullish momentum that would align with a broader crypto market upswing.
If buyers can push past $30, AVAX could target levels above $40. Catalysts beyond tokenization—such as institutional inflows and evolving narratives around spot exchange-traded products—could also drive the next leg higher.
AgriFORCE’s corporate strategy and market execution will be additional items for investors to monitor in the coming weeks. The company said it expects to begin implementing its plans shortly.
“Completing this transaction will position the company as the first Nasdaq-listed entity primarily focused on the Avalanche ecosystem. The transaction is expected to close around October 30, 2025,” the company stated.
AVAX reached its all-time high of $146 in November 2021.
The current price remains far below that peak.
Still, bulls have seen a remarkable recovery: Avalanche is up roughly 630% from its 2020 low of $2.79.