AgriFORCE Transforms Into AVAX One, Aims for $550 Million Capital Raise

NEW YORK, Sept. 22, 2025 – AgriFORCE Growing Systems Ltd. announced today its transformation into AVAX One, making it the first publicly traded company on NASDAQ solely focused on Avalanche blockchain technology. The company plans to raise approximately $550 million, targeting acquisition of over $700 million in AVAX tokens.

CEO Jolie Kahn and nominated Chairman Matt Zhang lead the initiative, which includes a $300 million PIPE and plans for an additional $250 million through equity-linked instruments. “The architecture of financial markets is changing, and programmable blockchains like Avalanche are the new foundation,” Kahn stated.

The transformation represents a significant pivot for AgriFORCE, moving from agricultural systems to asset accumulation in the blockchain sector. Notable advisors include Anthony Scaramucci from SkyBridge Capital and Brett Tejpaul from Coinbase Institutional, who will guide the strategy.

The capital raise is expected to attract participation from over 50 institutional and crypto-native investors like Galaxy Digital, Digital Currency Group, and Kraken. This marks a watershed moment for institutional investment in blockchain technologies.

Avalanche is recognized as an institutional-grade blockchain, currently securing $6.2 billion in staked assets. It serves major firms, such as KKR and J.P. Morgan Chase, for the tokenization of real-world assets.

In addition to accumulating AVAX tokens, the company aims to integrate cash-flowing fintech businesses onto the Avalanche network. This approach is designed to create a robust vehicle for public market investors interested in participating in the growth of onchain finance.

Matt Zhang highlighted the company’s goal to build the ‘Berkshire Hathaway of the onchain financial economy’, reinforcing their commitment to a multi-year investment thesis focused on blockchain infrastructure.