TLDR
- AVAX One acquired 9,377,475 AVAX tokens for $110 million between November 5 and 23, 2025.
- The company’s total AVAX holdings now exceed 13.8 million tokens, valued at approximately $193 million.
- AVAX One recently rebranded from AgriFORCE Growing Systems to focus on a digital asset treasury strategy.
- The company has retained $35 million in cash for further AVAX acquisitions and stock buybacks.
- AVAX One plans to raise up to $550 million to fund additional token acquisitions and expand its treasury.
AVAX One, a company focused on building an Avalanche-centric digital asset treasury, has acquired 9,377,475 AVAX tokens between November 5 and November 23, 2025. The total acquisition cost was $110 million. This purchase increases the company’s total AVAX holdings to more than 13.8 million tokens, valued at around $193 million at current prices.
AVAX One Completes Rebrand and Expands Holdings
AVAX One recently rebranded from AgriFORCE Growing Systems, a former agriculture technology business. The company changed its ticker symbol from AGRI to AVX on November 12, marking a shift toward a digital asset focus. CEO Jolie Kahn stated,
“Since launching our treasury strategy earlier this month, we have rapidly accumulated more than 13.8 million AVAX and completed our corporate rebrand.”
Kahn also emphasized the company’s strategic focus on acquiring additional AVAX tokens. The firm has retained $35 million in cash to fund additional AVAX token purchases and stock buybacks. “We intend to remain highly opportunistic with our remaining cash position,” Kahn added.
Plans for Future Acquisitions and Stock Buybacks
AVAX One has announced plans to raise up to $550 million for further acquisitions. The company sees current market conditions as favorable for accumulating AVAX at attractive prices. Matt Zhang, managing partner of Hivemind and chairman of the AVAX One board, highlighted the value of the Avalanche network for institutional investors.
“We believe this is an opportune time to accumulate AVAX and accrete value for our shareholders,” Zhang explained.
AVAX One intends to grow its digital asset treasury by deploying yield strategies on its current and future AVAX holdings.
Institutional Interest in Avalanche Blockchain
AVAX One’s activities come at a time when the Avalanche blockchain has garnered increasing attention from major financial institutions. Firms such as JPMorgan, Apollo Global Management, and BlackRock are exploring tokenization and settlement projects on Avalanche. The network’s focus on high-speed transactions and regulatory compliance makes it appealing to traditional financial institutions.
The Avalanche Foundation, the network’s non-profit arm, is raising $1 billion to fund digital asset treasury vehicles. The foundation’s goal is to strengthen AVAX’s role in on-chain finance and capital markets.
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