Nasdaq-listed AgriFORCE Growing Systems announced today that it has received shareholder approval to launch a $700 million treasury strategy focused on the Avalanche ecosystem. This strategic move signals a significant pivot for the company, with core components including direct purchases, staking, and active participation within the Avalanche network.
Strategic Pivot to Avalanche Ecosystem
AgriFORCE, traditionally known for its sustainable agriculture technologies, now aims to become the first publicly traded entity on Nasdaq with a primary focus on Avalanche. The AVAX token, currently trading above $20, has demonstrated resilience, recovering from recent lows around $18, amidst a generally optimistic market sentiment for altcoins. The proposed treasury strategy is designed to facilitate substantial AVAX accumulation, comprising a $300 million capital infusion and an additional $250 million offering.
Timeline and Market Observation
The company anticipates completing the transaction by October 30, 2025. Following the completion, AgriFORCE plans to commence its strategic AVAX acquisitions. Market observers are expected to closely monitor institutional involvement and the subsequent dynamics of the AVAX token price in the weeks ahead.