AVAX One Emerges as AGRI Rebrands with $550M AVAX Push
AgriFORCE becomes AVAX One, raising $550M to build a $700M AVAX token reserve with backing from top crypto investors.
- AgriFORCE rebrands to AVAX One with major crypto focus
- $550M raise targets $700M+ in AVAX token holdings
- Supported by top firms like Hivemind, DCG, and Kraken
AgriFORCE Growing Systems Ltd. (Nasdaq: AGRI) has officially announced a major shift in its business strategy and identity. The company is rebranding as AVAX One, signaling a decisive move into the blockchain and digital asset space. This transformation comes with an ambitious goal—to build a substantial position in AVAX tokens, the native cryptocurrency of the Avalanche blockchain.
The rebranding highlights the company’s commitment to participating in the rapidly evolving world of decentralized finance (DeFi). AVAX One plans to hold over $700 million worth of AVAX tokens, positioning itself as a major stakeholder within the Avalanche ecosystem.
$550 Million Funding Round Led by Industry Giants
To realize its goal, AVAX One has launched a significant $550 million fundraising round. The round is being led by Hivemind Capital, a prominent investor in crypto and Web3 ventures.
More than 50 well-known institutional investors are also involved, including ParaFi Capital, Galaxy Digital, Digital Currency Group (DCG), Kraken, and HashKey Capital. This level of support demonstrates confidence in both AVAX One’s strategy and the long-term potential of the Avalanche blockchain.
The company’s target is to utilize the capital to acquire AVAX tokens and to potentially support infrastructure and innovation within the Avalanche ecosystem.
Positioning for Growth in Web3 and DeFi
The strategic pivot to crypto isn’t just about asset accumulation. AVAX One appears to be aiming for a broader role in the Avalanche network—possibly through staking, governance, and supporting DeFi projects.
This kind of treasury-backed model, where a public company holds large positions in crypto assets, mirrors moves seen in the Bitcoin space, but AVAX One is pioneering it for Avalanche.
If successful, AVAX One could become a key institutional player helping shape the future of Web3, while also offering traditional investors exposure to the growing crypto economy.
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