The company's stock surged over 200% to $6.64 after the announcement, marking a significant market reaction.

AgriFORCE Growing Systems is rebranding as AVAX One, aiming to become the first Nasdaq-listed company dedicated to Avalanche (AVAX) token activities, with plans to raise $550 million to focus on Avalanche blockchain assets.

The company intends to hold over $700 million worth of Avalanche tokens, positioning itself as a major player in the Avalanche ecosystem and offering a professional vehicle for exposure to AVAX.

This rebranding aims to establish AVAX One as a public investment vehicle for the growing onchain economy, emphasizing disciplined token accumulation and strategic investments.

CEO Jolie Kahn highlights that this move provides public investors an opportunity to participate in the expansion of blockchain settlement layers, with Matt Zhang describing the model as a 'Berkshire Hathaway of the onchain economy.'

Institutional confidence in Avalanche is strong, with firms like JPMorgan Chase, KKR, and Apollo actively using its blockchain technology, and industry leaders like Scaramucci expressing optimism about its potential.

Scaramucci specifically noted Avalanche's technology as promising, citing its adoption by major firms and the interest from CTOs in utilizing its solutions.

The fundraising includes participation from over 50 investors such as Galaxy Digital, Kraken, ParaFi, and Digital Currency Group, with a $300 million private placement (PIPE) pending shareholder approval and an additional $250 million in equity-linked financing.

Anthony Scaramucci, founder of Skybridge Capital, has joined AVAX One’s advisory board, emphasizing the company's focus on digital assets and tokenization, alongside industry figures like Brett Tejpaul.

The strategic advisory board, including notable industry leaders, underscores significant institutional backing for the company's ambitious plans.

Matt Zhang of Hivemind Capital envisions AVAX One as building the 'Berkshire Hathaway of the onchain financial economy' through disciplined asset accumulation and fintech acquisitions.

Hivemind Capital’s strategy involves acquiring blockchain infrastructure and onboarding cash-flowing fintech businesses onto Avalanche to create a growth flywheel.

Following the announcement, AVAX’s price recovered from lows around $30 to nearly $31.79, reflecting market resilience despite recent downturns.