Nasdaq-listed AgriFORCE eyes $700M Avalanche treasury bet; AVAX price outlook
The post Nasdaq-listed AgriFORCE eyes $700M Avalanche treasury bet; AVAX price outlook appeared on BitcoinEthereumNews.com.
Avalanche price is looking to hold the $20 level. Nasdaq-listed AgriFORCE has shareholder approval to roll out an Avalanche treasury strategy. The company says it’s eyeing a $700m AVAX treasury strategy. Avalanche price holds above the $20 mark amid news that Nasdaq-listed company AgriFORCE Growing Systems has secured shareholder support for a bold pivot into the Avalanche ecosystem. The AVAX token, which has bounced off lows of $18 in the past week, shows notable resilience amid broader market optimism around a potential altcoin explosion. AgriFORCE eyes $700 million AVAX treasury bet Nasdaq-listed AgriFORCE, a company traditionally rooted in sustainable agriculture technologies, is eyeing an aggressive pivot into the crypto treasury strategy ecosystem. Specifically, the company wants to become the first publicly traded entity on Nasdaq dedicated exclusively to the Avalanche blockchain network. AVAX One is the new company. On October 27, AgriFORCE revealed it had secured special shareholder approval for the initiative . A $300 million capital infusion and a further $250 million offering are set to fund an aggressive AVAX treasury strategy. In the process of acquiring and holding AVAX tokens, AgriFORCE is poised to commit up to $700 million in exposure through direct purchases, staking, and ecosystem participation. Matt Zhang, founder of Hivemind and nominated chairman of the AgriFORCE board, commented: “With this mandate from shareholders, we can now proceed to close the transaction and begin the focused work of accumulating AVAX strategically and creating the Berkshire Hathaway of the on-chain financial economy.” AVAX price holds above $20: Is $40 next? Amid the corporate enthusiasm, the Avalanche native token shows resilience. While the price of AVAX fell from highs of $21 this week, bulls managed to recover from lows of $18. Maintaining stability above the critical $20 psychological level signals a potential bullish momentum that will align with…
