- The company will be renamed AVAX One and will focus on accumulating Avalanche tokens.
- AgriFORCE aims to become the first publicly traded entity dedicated to AVAX.
- Institutional interest signals confidence in Avalanche’s future.
Nasdaq-listed AgriFORCE Growing Systems has announced a historic pivot in the blockchain sector.
According to the company’s press release on Monday, it will change its name to AVAX One and intends to raise approximately $550 million to fund the accumulation of Avalanche (AVAX) tokens.
AVAX One plans to hold more than $700 million worth of Avalanche tokens, making it the first public company to dedicate its treasury to purchasing AVAX.
The move marks a significant departure for AgriFORCE from the agricultural industry and reflects the company’s belief in blockchain technology as a transformative force across multiple sectors.
In response to the announcement, Jolie Khan, CEO of AgriFORCE, said:
For the first time, our company offers public-market investors a professionally managed vehicle to invest directly in this transformation. Our mission is to maximize our ownership of this foundational technology, AVAX, per share and to deliver direct value to our shareholders as this new economy grows.
Avalanche attracts institutional interest
The Layer-1 blockchain has gained traction as a leading platform for institutional adoption.
Avalanche touts security with more than $6.2 billion in staked assets.
Major firms such as Apollo, JPMorgan Chase and KKR already use the AVAX network to launch customized blockchain solutions and tokenized products.
Avalanche provides faster transaction speeds, low fees and strong scalability—features that are critical for real-world-asset (RWA) tokenization and DeFi applications.
Those advantages have helped increase institutional appeal for the network.
The $550 million funding plan
The company plans a large capital raise led by Hivemine Capital with participation from more than 50 investors, including Cypher Capital, Republic Digital, Kraken, Digital Currency Group, ParaFi and Galaxy Digital.
The proposed raise consists of $250 million in equity-linked financing and $300 million in a PIPE, subject to shareholder approvals.
Matt Zhang, founder of Hivemine Capital, said the firm will pursue both short- and long-term strategies:
Our short-term active strategy will focus on disciplined asset accumulation and, over the long term, acquiring and onboarding cash-flow fintech businesses onto the Avalanche network. This creates a powerful growth flywheel and a persistent NAV premium that differentiates us from other treasury companies and digital asset ETFs.
AVAX One will use the raised capital to support its goal of holding more than $700 million in AVAX.
AVAX price outlook
The native token of Avalanche showed a bearish tilt today.
AVAX is trading at $31.43 after losing more than 4% of its value over the past 24 hours.
AVAX remains bullish after gains of roughly 10% over the past week and 20% over the past month.
The altcoin is trading within a key breakout range between $30 and $31.
Recovering $36 could support short-term rallies toward $42 and shift AVAX’s near-term trajectory to bullish.
Conversely, losing the $28 support could delay the expected rally.
Broader market sentiment will shape Avalanche’s price action in the coming sessions.
Meanwhile, emerging institutional interest positions AVAX for significant growth prospects in the near term.