AVAX recovers after AgriFORCE transformation into treasury company
The post AVAX recovers after AgriFORCE transformation into treasury company appeared on BitcoinEthereumNews.com.
AgriFORCE announced plans to transform into Avax One, a digital asset treasury company. Following the news, AVAX tokens bounced from their recent lows of $30. AgriFORCE announced plans to transform into an AVAX digital treasury company (DAT). Following the news, AVAX tokens broke their recent slide, bouncing from lows of around $30. AVAX bounced from its recent lows on news of its first NASDAQ-listed treasury company, soon to launch its PIPE placement. | Source: Coingecko The announcement of AgriFORCE follows the previous plans of the Avalanche Foundation to secure discounted AVAX tokens for treasury entities. Following the news, AVAX recovered to $31.79, compensating some of the losses during the latest altcoin downturn. Avax One plans to raise $550M AgriFORCE announced its plans to rebrand into Avax One ahead of its fundraising efforts. The rebranding arrives after the company’s five-year history led to a long slide of the stock price. AGRI traded at an all-time low of $2.41, rising to a peak of $10 following the treasury announcement. Later, the stock retreated to $7.14. The company attempted to develop clean food solutions, while also taking up Bitcoin mining on the side. As Avax One, the new entity may be among the first to gauge institutional and retail interest for AVAX. The tokens will not come from the open market, but from the reserves of the Avalanche Foundation. “The architecture of financial markets is changing, and programmable blockchains like Avalanche are the new foundation,” said Jolie Kahn, CEO of Avax One. “For the first time, our company provides public market investors with a professionally-managed vehicle to invest directly in this transformation. Our mission is to maximize our ownership of this foundational technology, AVAX, on a per-share basis, delivering direct value to our shareholders as this new economy grows,” the executive continued. The company…
Filed under: News - @ September 22, 2025 3:27 pm