tl;dr
AgriFORCE rebrands as AVAX One, betting $550M on Avalanche tokens, sparking a 200% stock surge and reigniting debates about crypto's role in finance.
**AgriFORCE’s Crypto Bet Sparks a New Era in Financial Markets**
In a move that’s sending shockwaves through both the stock and crypto worlds, AgriFORCE Growing Systems Ltd. (Nasdaq: AGRI) has rebranded as **AVAX One** and unveiled a $550 million plan to buy and hold Avalanche’s native token, AVAX. The announcement didn’t just reshape the company’s mission—it catapulted its stock price over 200% in a single day, turning a clean-energy Bitcoin mining firm into a crypto treasury powerhouse.
### From Bitcoin Miners to Avalanche Holders
AgriFORCE, once known for using renewable energy to power Bitcoin mining operations, is now pivoting aggressively into the Avalanche ecosystem. The company’s new strategy hinges on accumulating AVAX tokens, aiming to own over $700 million worth of the asset. This isn’t just a shift in focus—it’s a bet on blockchain’s role as the backbone of the next financial era.
“We’re building the ‘Berkshire Hathaway of the on-chain financial economy,’” said Matt Zhang, founder of HiveMind Capital, which led the $300 million private investment in public equity (PIPE) round. Zhang, now AgriFORCE’s chairman, envisions a future where institutional investors gain scalable, professional exposure to blockchain infrastructure.
### A Stock Surge and a Crypto Dilemma
The market reacted swiftly. AgriFORCE’s stock surged 175% on the day of the announcement, hitting $6.64, while Avalanche’s AVAX token dipped 4.5% amid a broader crypto selloff. Yet, AVAX remains up 9% for the week, hinting at underlying confidence in the Avalanche network.
The company’s plan includes a $300 million PIPE and $250 million in equity-linked instruments, drawing support from heavyweights like ParaFi, Galaxy Digital, and Kraken. Even crypto skeptics like SkyBridge’s Anthony Scaramucci and Coinbase’s Brett Tejpaul have joined the advisory board, signaling broad industry interest.
### The Crypto Treasury Trend Gets Bigger
AgriFORCE’s move follows in the footsteps of MicroStrategy, which pioneered the crypto treasury model by buying Bitcoin in 2020. Today, firms from Tesla to hedge funds are accumulating digital assets, but AgriFORCE’s focus on Avalanche marks a new frontier.
CEO Jolie Kahn framed the shift as a response to “changing financial architecture,” arguing that programmable blockchains like Avalanche offer a “new foundation” for investing. By holding AVAX, the company aims to deliver direct value to shareholders as the “new economy” grows.
### What’s Next for the Crypto Treasury Play?
HiveMind’s vision extends beyond token accumulation. The firm plans to acquire cash-flowing fintech businesses and onboard them to Avalanche, creating a “growth flywheel” that could outpace traditional ETFs. It’s a bold gamble, but one that reflects the growing belief that blockchain isn’t just a niche experiment—it’s a core part of finance’s future.
As AgriFORCE’s stock soars and AVAX’s fate hangs in the balance, one thing is clear: the line between Wall Street and crypto is blurring. Whether this is a fleeting trend or the start of a seismic shift, the financial world is watching closely.
**What do you think? Is AgriFORCE’s bet on Avalanche a smart move, or a risky leap into uncharted territory?**