- The Avalanche price is holding the $20 level.
- Nasdaq-listed company AgriFORCE has secured shareholder approval to adopt an Avalanche treasury strategy.
- The company says it is targeting an AVAX treasury strategy worth up to $700 million.
The Avalanche price remains above $20 after Nasdaq-listed AgriFORCE Growing Systems revealed it had won shareholder backing for a bold move into the Avalanche ecosystem.
The AVAX token, which rebounded from a low near $18 last week, has shown notable resilience amid broad market optimism about a potential altcoin rally.
AgriFORCE eyes $700 million AVAX treasury bet
AgriFORCE, a Nasdaq-listed company historically focused on sustainable agricultural technologies, is pursuing an aggressive pivot toward a crypto treasury strategy centered on the Avalanche blockchain.
The company plans to become the first Nasdaq-listed entity dedicated exclusively to the Avalanche network. The rebranded business will operate as AVAX One.
On October 27, AgriFORCE announced it had obtained shareholder approval for the initiative.
An initial funding injection of $300 million, supplemented by a further $250 million offering, is intended to support an aggressive AVAX treasury strategy.
Through purchases, staking, and broader ecosystem participation, AgriFORCE is prepared to allocate up to $700 million toward acquiring and holding AVAX tokens.
Matt Zhang, founder of Hivemind and nominated chairman of AgriFORCE, commented:
“With this shareholder mandate, we can now move forward to close the transaction and begin targeted work to strategically accumulate AVAX and build the Berkshire Hathaway of on-chain finance.”
AVAX price holds above $20: Is $40 next?
Against the backdrop of corporate enthusiasm, the Avalanche token has demonstrated durability.
Although AVAX slipped from a $21 high this week, bulls pushed the price back from $18 lows. Staying above the key psychological $20 level suggests potential upward momentum that could align with a broader crypto market advance.
If bulls can clear $30, the altcoin could target levels above $40. Catalysts include tokenization developments, institutional inflows, and shifting narratives around exchange-traded spot products.
AgriFORCE’s corporate strategy and market moves are also items investors will watch in the coming weeks. The company said it expects to begin implementing its plans in the days ahead.
“The closing of this transaction will position the company as the first Nasdaq-listed entity with a primary focus on the Avalanche ecosystem. The transaction is expected to close on or about October 30, 2025,” the company wrote.
AVAX reached its all-time high of $146 in November 2021.
Current prices remain well below that peak.
That said, bulls have achieved an impressive roughly 630% gain since Avalanche’s 2020 low near $2.79.