AgriFORCE Rebrands to AVAX One with $550 Million Strategy to Accumulate Over $700 Million in AVAX Tokens

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) has announced a significant strategic pivot, rebranding as AVAX One and initiating a $550 million capital raise to become the first NASDAQ-listed company dedicated to maximizing ownership of AVAX, the native token of the Avalanche network. The move, confirmed by Hivemind, positions the new entity to accumulate over $700 million worth of AVAX tokens, aiming to provide public investors with direct exposure to the Avalanche ecosystem.

Hivemind Capital will lead the $550 million funding strategy, with participation from over 50 institutional and crypto-native investors, including prominent names like ParaFi, Galaxy Digital, and Kraken. The capital raise includes a $300 million Private Investment in Public Equity (PIPE) deal, pending shareholder approval, and an additional $250 million through equity-linked instruments. Following the announcement, AgriFORCE's stock surged over 130%.

Matt Zhang, Founder of Hivemind Capital, will serve as chairman of AVAX One's board of directors, while Anthony Scaramucci, founder of SkyBridge Capital, will lead the company's strategic advisory board. Zhang articulated the vision as building the "Berkshire Hathaway of the onchain financial economy," combining disciplined token accumulation with future fintech acquisitions. Scaramucci emphasized that tokenization represents "the single biggest theme for the next decade of finance."

AVAX One plans to leverage staking mechanisms within the Avalanche network, which currently secures $6.2 billion in staked assets, to generate yield from its AVAX holdings. This strategy aims to make the business profitable from inception. The company will continue to operate its existing energy infrastructure business through its TerraHash Digital division, but its primary focus will shift to its Avalanche-centric treasury.

The announcement comes amidst growing institutional interest in the Avalanche network, which has seen increased activity in Web3 gaming and real-world asset tokenization. Firms like JPMorgan and Apollo have utilized Avalanche for tokenization initiatives, and the network recently recorded significant transaction growth. AVAX One seeks to capitalize on this trend, providing a regulated public market vehicle for investors to participate in the burgeoning on-chain economy.