AgriFORCE (AGRI), a Nasdaq- listed agricultural technology company, redefined its positioning this week with an announcement: the company has decided to change its name to AVAX One and plans to establish a $700 million Avalanche (AVAX) crypto asset vault. Following the announcement, the stock price surged from $2.41 to $7.30 at the opening on Monday, reaching an intraday high of $10.14, exceeding 300%, before closing at $5.53, still a 137% single-day gain. Within a matter of hours, both the traditional stock market and blockchain capital markets were shaken by this sudden transformation.
Fundraising Portfolio: $550 million boosts AVAX's $700 million treasury
According to a press release , AVAX One will raise $550 million in two phases: initially, a $300 million private placement led by Hivemind Capital, followed by a $250 million equity-linked instrument. Upon completion, the company will invest the proceeds into the $700 million AVAX treasury, aiming to become the "Berkshire Hathaway of the blockchain financial economy."
Staking Income: Let the Vault Generate Cash Flow from Day One
Matt Zhang, founder of Hivemind Capital, emphasized that staking is key, saying:
“Staking allows the company to have a real operating business from day one, rather than just passive treasury.”
Based on an AVAX price of $31.76 and an annualized staking yield of 6.7%, a $700 million position can generate approximately $46.9 million in rewards annually, equivalent to building a high-interest "capital ecosystem" for the company and providing continuous cash flow.
Luxurious endorsement: a complete lineup of consultants and investors
AVAX One's advisory board is co-led by Anthony Scaramucci , founder of SkyBridge Capital, andBrett Tejpaul , head of Coinbase Institutional. Its investment list includes over 50 institutions, including ParaFi, Galaxy Digital, and Kraken. The company also plans to acquire revenue-generating fintech companies and integrate their services into the Avalanche network, while simultaneously exploring the tokenization of real-world assets (RWAs).
Avalanche Ecosystem: Market Momentum Responds to Transformation Themes
In recent years, Avalanche has made progress across multiple fronts, including on-chain finance, Web3 gaming, and institutional products. Swedish asset management firm Vitune has launched the AVAX ETP; VanEck and Grayscale have also submitted spot ETF applications. The US Department of Commerce even plans to publish GDP data on Avalanche. The Avalanche Foundation recently launched a $1 billion fundraising campaign, targeting a similar accumulation plan as AVAX One. While AVAX's price remains some distance from its all-time high, its approximately 24% increase over the past two weeks reflects investor optimism about the ecosystem's development.
For traditional companies eager to break through, deploying digital assets that can be staked and generate income offers a new path to growth. However, crypto market volatility, regulatory uncertainty, and implementation difficulties could pose obstacles to AVAX One's future. Whether more listed companies will follow suit remains to be seen. The only certainty is that this journey, which began in agriculture and is now headed towards the deep blue of blockchain, has already begun a reassessment of corporate value.
