- Avalanche’s price is attempting to hold at the $20 level.
- Nasdaq-listed AgriFORCE received shareholder approval to pursue an Avalanche treasury strategy.
- The company says it is considering an AVAX treasury plan worth up to $700 million.
Avalanche’s native token has managed to stay above the $20 mark as Nasdaq-listed AgriFORCE Growing Systems won shareholder backing for a bold pivot into the Avalanche ecosystem.
AVAX, which bounced from a low of $18 last week, has shown notable resilience amid broader market optimism about a potential altcoin rally.
AgriFORCE plans $700 million bet on AVAX
AgriFORCE, a Nasdaq-listed company historically focused on sustainable agricultural technologies, is preparing an aggressive shift toward a cryptocurrency treasury strategy.
Specifically, the company aims to become the first Nasdaq-listed entity dedicated exclusively to the Avalanche blockchain network. The new name will be AVAX One.
On October 27, AgriFORCE announced that it had received special shareholder approval for the initiative.
An initial capital injection of $300 million, together with an additional $250 million financing, is expected to fund an aggressive AVAX treasury strategy.
Through acquiring and holding AVAX tokens, AgriFORCE plans up to $700 million of exposure via direct purchases, staking, and ecosystem participation.
Matt Zhang, founder of Hivemind and the designated chairman of AgriFORCE’s board, commented:
“With this shareholder mandate, we can now close the transaction and begin targeted strategic accumulation of AVAX and build the Berkshire Hathaway of the on-chain financial economy.”
AVAX price holds above $20 — is $40 next?
Against the backdrop of the corporate announcement, Avalanche’s native token has demonstrated stability.
Although AVAX dipped from highs near $21 this week, bulls recovered from $18 lows. Holding above the key psychological $20 level signals potential upward momentum that could align with broader crypto market strength.
If bulls push past $30, the altcoin could target prices north of $40. In addition to tokenization initiatives, catalysts such as institutional inflows and shifting narratives around spot exchange-traded funds will be important.
AgriFORCE’s corporate strategy and market activity are also factors investors will likely monitor in the coming weeks. In its announcement, the company said it plans to begin executing the strategy in the coming days.
“The closing of this transaction will position the Company as the first Nasdaq-listed entity whose principal mission is centered on the Avalanche ecosystem. The transaction is expected to close around October 30, 2025,” the company wrote.
AVAX reached its all-time high of $146 in November 2021.
The current price remains well below that peak.
Still, bulls have driven a recovery of roughly 630% since Avalanche’s price fell to its 2020 low of $2.79.