AgriFORCE Growing Systems Rebrands as AVAX One
AgriFORCE Growing Systems has changed its name to AVAX One. The company plans to raise $550 million. It will be the first NASDAQ-listed firm focused on acquiring a large stake in AVAX. AVAX is the native token of the Avalanche network. This move aims to give investors access to blockchain systems usually reserved for large institutions.
The company confirmed the rebranding on X (formerly Twitter). Hivemind Capital will lead the partnership. The strategic advisory board includes Anthony Scaramucci from SkyBridge Capital and Brett Tejpaul from Coinbase Institutional.
AVAX One Targets $700 Million in AVAX Tokens
AVAX One aims to own more than $700 million worth of AVAX tokens. The plan starts with a $300 million private investment in public equity (PIPE) offering. This is subject to shareholder approval. Additional equity-linked raises could add $250 million more. The company expects to become a key partner in Avalanche’s growing ecosystem.
CEO Jolie Kahn highlighted the importance of this change. “For the first time, our company provides public market investors with a professionally-managed vehicle to invest directly in this transformation,” she said. She added the mission focuses on delivering value to shareholders as the new economy expands.
Building the ‘Berkshire Hathaway’ of Onchain Finance
Matt Zhang, founder of Hivemind Capital and nominated chairman, shared the vision. “Our vision is to build the ‘Berkshire Hathaway of the onchain financial economy,’” he said.
The company will focus on disciplined AVAX accumulation in the near term. Long term, AVAX One plans to onboard fintech businesses onto Avalanche. This will create a sustainable growth engine.
Anthony Scaramucci also supported the shift. “The tokenization of assets is the single biggest theme for the next decade of finance,” he said. He called AVAX One an essential on-ramp for public investors.
Following the announcement, AGRI stock surged 128.63%, closing at $5.51, according to Yahoo Finance.
AVAX One offers everyday investors a clear way to access Avalanche’s blockchain network.
