AVAX One Rasin $550M to Build $700M AVAX Treasury
AgriFORCE Growing Systems (NASDAQ: AGRI) don change im name to AVAX One and dem start one big fundraise to get $550 million to buy AVAX tokens and build $700 million crypto treasury. The fundraise include $300 million PIPE and $250 million equity-linked offering weh Hivemind Capital dey lead, plus participation from Galaxy Digital, Kraken, Digital Currency Group, ParaFi, HashKey and over 50 institutional investors. AVAX One wan increase per-share value, deepen Avalanche integration, and collect AVAX tokens. The company still keep im TerraHash Digital energy side. Strategic support dey from Anthony Scaramucci for advisory board and Matt Zhang as board chair. After dem announce am, AGRI shares jump 132%, but AVAX token price fall 3% for 24 hours.
Bullish
Di launch of $550 million capital raise to gather AVAX tokens and build $700 million treasury mean say institutional people get strong belief for Avalanche. Even though AVAX token price drop 3% on the announce, big token gather by one Nasdaq-listed company go reduce circulating supply and fit help long-term price increase. Strategic advice from people like Scaramucci and board leadership under Matt Zhang still dey make investors trust dem more. Overall, dis one dey push market feeling to be bullish for AVAX.