- Avalanche price is attempting to hold the $20 level.
- Nasdaq-listed AgriFORCE secured shareholder approval to deploy a financial strategy centered on Avalanche.
- The company says it is considering up to $700 million in AVAX exposure as part of that strategy.
As Nasdaq-listed AgriFORCE Growing Systems secured shareholder backing for a bold pivot into the Avalanche ecosystem, Avalanche’s native token has managed to stay above the $20 mark.
After rebounding from a low near $18 last week, AVAX has shown notable resilience amid broad market optimism about the potential for an altcoin resurgence.
AgriFORCE plans up to $700 million AVAX treasury
AgriFORCE, a Nasdaq-listed company historically focused on sustainable agricultural technologies, is pursuing an active shift toward a cryptocurrency-focused treasury strategy.
Specifically, the company aims to become the first Nasdaq-listed firm dedicated to the Avalanche blockchain network under a rebrand to AVAX One.
On October 27, AgriFORCE announced it had received special shareholder approval for the initiative.
The plan calls for a $300 million capital injection plus an additional $250 million offering to fund its AVAX-focused treasury strategy.
Across direct purchases, staking, and ecosystem participation, AgriFORCE says it is prepared to commit up to $700 million of exposure in AVAX tokens as it accumulates and holds the asset.
Matt Chan, founder of Hivemind and recently named chair of AgriFORCE’s board, commented on the mandate:
“With this authorization from our shareholders, we can move forward with closing the transaction, strategically accumulating AVAX, and begin the work of building an on-chain financial economy with the scale and discipline of a Berkshire Hathaway approach.”
AVAX holds above $20 — is $40 next?
Buoyed by the corporate development, Avalanche’s native token has shown recovery momentum.
This week AVAX pulled back from a high near $21 but buyers defended the price after it dipped toward $18. Maintaining stability above the psychologically important $20 level suggests a potential bullish alignment with broader crypto market strength.
If buyers extend their control and push the token past $30, AVAX could target prices above $40. Important catalysts include tokenization use cases, inflows from institutional investors, and narrative shifts around spot-listed ETFs.
AgriFORCE’s corporate strategy and forthcoming execution timeline are items investors will watch closely in the coming weeks. The company stated it aims to begin implementing its plan within a matter of days.
“Upon closing, this transaction will establish us as the first Nasdaq-listed company with a primary mission centered on the Avalanche ecosystem. The transaction is expected to close around October 30, 2025,” the company said.
AVAX reached an all-time high of $146 in November 2021.
Current prices remain well below that peak.
Nevertheless, since Avalanche fell to a historic low near $2.79 in 2020, bulls have achieved a remarkable recovery of roughly 630% from that bottom.