TLDR
- AgriFORCE pivots to AVAX One with $550M raise, stock spikes 199% pre-market.
- AgriFORCE rebrands as AVAX One, targeting $700M in AVAX tokens and blockchain growth.
- Stock surges as AgriFORCE transforms into AVAX One, focusing on Avalanche blockchain.
- AVAX One launches with $550M strategy to own AVAX and reshape financial markets.
- AgriFORCE’s shift to AVAX One marks bold blockchain pivot, fueling massive stock rally.
AgriFORCE Growing Systems Ltd.(AGRI) shares closed at $2.41 on September 19 but surged nearly 199% in pre-market trading to $7.20. The sharp rise followed its announcement of a complete transformation into AVAX One, a blockchain-focused entity. The move shifts its identity from agriculture to digital assets, marking a radical strategic pivot.
The company will raise approximately $550 million to establish itself as the first NASDAQ-listed entity centered on owning AVAX tokens. This bold plan targets more than $700 million worth of AVAX, positioning the firm as a core participant in Avalanche’s ecosystem. Public market participants now gain direct access to Avalanche’s blockchain growth through the listed entity.
AgriFORCE’s transformation reflects growing momentum around programmable blockchains and tokenization of financial assets. The pivot places the firm in a unique market niche.
AVAX ownership strategy
AVAX One’s near-term strategy involves disciplined accumulation of Avalanche’s native token. The long term roadmap emphasizes acquisition and integration of fintech firms into Avalanche’s blockchain network. These plans create both asset value and operational synergies.
The capital raise structure includes a $300 million PIPE deal, subject to shareholder approval, alongside additional fundraising through equity-linked instruments. This dual approach strengthens the balance sheet while expanding token ownership. AVAX One positions itself as a longterm holder and operator in blockchain finance.
The strategy also introduces a distinctive growth flywheel. By accumulating tokens and onboarding businesses, AVAX One aims to generate a premium over its net asset value, which differentiates it from other treasury-style blockchain firms and exchange-traded funds.
Institutional and advisory support
AVAX One secured backing from over 50 institutional and crypto native participants, including Galaxy Digital, ParaFi, and Digital Currency Group. Other contributors include Kraken, Republic Digital, Borderless Capital, and HashKey Capital. This broad base of support underscores institutional belief in Avalanche’s potential and AVAX One’s model.
Strategic guidance comes from a board led by Anthony Scaramucci of SkyBridge Capital and Brett Tejpaul of Coinbase Institutional. Their presence adds credibility and connects AVAX One to established financial networks.
The company highlights that asset tokenization represents a key theme in finance for the coming decade. Avalanche’s architecture already supports initiatives by major firms such as KKR and Apollo.
Market impact and context
Avalanche operates as a high-speed, institutional-grade blockchain securing over $6.2 billion in staked assets. Its design enables tokenization of real-world assets and integration into traditional finance. As adoption grows, AVAX’s role within capital markets could expand further.
The rebranding from AgriFORCE to AVAX One signals a complete break from its agricultural past. The transition reflects how legacy firms can pivot toward emerging digital economies. The market reaction indicates strong demand for exposure to such a model.
AgriFORCE’s evolution into AVAX One demonstrates how blockchain adoption continues reshaping market access. With significant funds targeted for token ownership, the company establishes itself as a specialized vehicle. The stock surge reflects market acknowledgment of this new trajectory.
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