- Avalanche’s price appears to be holding around the $20 level.
- Nasdaq-listed AgriFORCE has received shareholder approval to launch an Avalanche-focused treasury strategy.
- The company says it is exploring a $700 million AVAX strategy.
Avalanche’s price remains above $20 following news that Nasdaq-listed AgriFORCE Growing Systems secured shareholder support for a bold shift into the Avalanche ecosystem.
The AVAX token, which bounced from lows near $18 over the past week, is showing notable resilience amid broader market optimism about a potential altcoin rally.
AgriFORCE eyes $700 million AVAX treasury bet
Nasdaq-listed AgriFORCE, a company historically rooted in sustainable agricultural technology, is considering an aggressive move into a crypto treasury strategy centered on the Avalanche ecosystem.
Specifically, the firm aims to become the first Nasdaq-listed entity devoted exclusively to the Avalanche blockchain network. The newly proposed entity is referred to as AVAX One.
On October 27, AgriFORCE disclosed that it had secured a special shareholder approval for the initiative.
A capital raise of $300 million plus an additional $250 million offering is intended to fund a forceful AVAX-focused financial strategy.
In acquiring and holding AVAX tokens, AgriFORCE is prepared to commit up to $700 million in exposure through direct purchases, staking, and participation in the ecosystem.
Matt Zhang, founder of Hivemind and nominee for AgriFORCE’s board chair, commented:
“With this mandate from shareholders, we can now move forward to complete the transaction and begin the focused work of strategically accumulating AVAX and building a Berkshire Hathaway for the on-chain financial economy.”
AVAX holds above $20: Is $40 next?
Amid the company’s enthusiasm, the Avalanche-native token is showing resilience.
Although AVAX slipped from highs near $21 earlier in the week, bulls recovered from lows around $18. Sustaining stability above the key psychological $20 level signals potential bullish momentum that would align with a broader cryptocurrency market upswing.
If buyers can push past $30, the altcoin could target prices above $40. Beyond tokenization, catalysts such as institutional inflows and shifting narratives around spot exchange-traded funds will be important drivers.
AgriFORCE’s corporate strategy and market developments also highlight what investors may watch in the coming weeks. In its announcement, the company said it plans to implement its strategy in the days ahead.
“The completion of this transaction will position the company as the first Nasdaq-listed entity 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.
The current price remains well below that peak.
However, bulls have managed an impressive recovery of roughly 630% since Avalanche fell to its all-time low of $2.79 in 2020.