NASDAQ Invests $550 Million in Avalanche for AVAX One

AgriFORCE Growing Systems (NASDAQ: AGRI) announced its name change to AVAX One and a strategic shift toward the Avalanche ecosystem. The company plans to raise approximately US$ 550 million to build a digital treasury focused on AVAX that could exceed US$ 700 million in tokens.

Key figures such as Anthony Scaramucci and Hivemind Capital are involved in this process, reinforcing the project’s relevance in the institutional digital asset landscape.

From Agribusiness to Digital Assets

AgriFORCE began as a technology solutions company for agriculture and, in recent years, had diversified into Bitcoin mining.

With the launch of AVAX One, the company takes a further step and becomes the first NASDAQ-listed firm with a public strategy dedicated exclusively to Avalanche, one of the leading smart contract networks.

Leadership and Governance Structure

One of the most decisive aspects of AVAX One’s launch is the composition of its executive team and advisory board. The company has brought together recognized figures from both traditional finance and the digital asset ecosystem, giving it significant institutional weight from the outset.

Anthony Scaramucci, founder of SkyBridge Capital and with experience in both the public and private sectors, will serve as chairman of the strategic advisory board. His inclusion is intended to build trust among traditional markets and strengthen the connection between Avalanche and major investors.

Meanwhile, Matt Zhang, former Citi executive and current founder of Hivemind Capital, has been nominated as chairman of the board of directors. His background in asset management and Web3 expertise gives AVAX One a vision aligned with the needs of institutional investors.

They are joined by Brett Tejpaul, head of Coinbase Institutional, who brings experience in managing relationships with regulated trading platforms and custody services. The presence of these leaders consolidates a team capable of bridging the gap between NASDAQ public capital, traditional financial infrastructure, and the opportunities offered by Avalanche.

Together, this governance structure makes AVAX One more than just a digital treasury: it positions the company as an institutional player capable of attracting capital, building trust, and expanding Avalanche’s adoption in global markets.

The AVAX One Strategy

The company’s financial plan envisions raising US$ 550 million, divided into two tranches:

• A PIPE (Private Investment in Public Equity) of approximately US$ 300 million, subject to shareholder approval.
• Up to US$ 250 million more through equity-linked instruments.

With these funds, AVAX One aims to accumulate more than US$ 700 million in AVAX tokens, which would make it one of the largest institutional holders of the asset.

Part of the capital will be allocated to the purchase of locked AVAX directly from the Avalanche Foundation.
These tokens will follow a lock-up schedule that restricts immediate liquidity but allows uses such as staking.

The Foundation, in turn, will reinvest the proceeds into ecosystem growth, including:

• real-world assets (RWAs),
• additional AVAX purchases,
• and the acquisition of AVAX DAT shares.

The project goes beyond token accumulation. AVAX One also plans to acquire cash-flow-positive fintechs and migrate their operations to the Avalanche network. In addition, it will keep its TerraHash Digital™ division active, focused on decentralized computing infrastructure powered by off-grid natural gas.

Impact and Implications

The creation of AVAX One opens a new institutional pathway into Avalanche. NASDAQ investors will gain exposure to the ecosystem without purchasing the token directly on exchanges.

Moreover, if the company succeeds in consolidating its accumulation plan, it could significantly influence AVAX’s liquidity and visibility within the global market. This step adds to the growing trend of public companies managing digital treasuries as a business model.

However, its success will depend on overcoming regulatory challenges, managing locked tokens, and demonstrating value creation beyond asset accumulation.