- Avalanche price is expected to maintain the $20 level.
- Nasdaq-listed AgriForce has received shareholder approval to deploy its Avalanche financial strategy.
- The company said it is considering a $700 million AVAX financial strategy.
Avalanche's price is hovering above $20 amid news that Nasdaq-listed company AgriFORCE Growing Systems has secured shareholder support for a bold pivot to the Avalanche ecosystem.
The AVAX token has rebounded from a low of $18 over the past week, showing remarkable resilience amid growing market optimism surrounding a potential altcoin explosion.
AgriFORCE eyes Treasury’s $700 million bet on AVAX
Nasdaq-listed AgriFORCE, a company traditionally rooted in sustainable agricultural technology, is actively transitioning into the crypto asset strategy ecosystem.
Specifically, the company wants to become the first publicly traded company on Nasdaq dedicated to the Avalanche blockchain network. AVAX One is a new company.
On October 27, AgriFORCE announced that it had received special shareholder approval for this initiative.
A $300 million capital injection and an additional $250 million in funding are planned to fund an aggressive AVAX financial strategy.
In the process of acquiring and holding AVAX tokens, AgriFORCE is poised to commit up to $700 million in exposure through direct purchases, staking, and ecosystem participation.
Matt Zhang, Founder of Hivemind and appointed Chairman of the AgriFORCE Board of Directors, commented:
“This order from our shareholders allows us to proceed to close the transaction and begin the intensive work of strategically accumulating AVAX and creating the Berkshire Hathaway of the on-chain financial economy.”
AVAX costs over $20. $40 next?
Amid corporate enthusiasm, the Avalanche native token has shown resilience.
This week, AVAX price fell from a high of $21, but bulls managed to recover from a low of $18. Remaining stable above the key psychological level of $20 indicates potential bullish momentum that is consistent with the broader crypto market.
If the bulls move above $30, the altcoin could target prices above $40. As well as tokenization, catalysts such as inflows of institutional capital and a change in the narrative around physical exchange-traded funds are also important.
AgriFORCE's corporate strategy and market performance indicate what investors will want to focus on in the coming weeks. In a statement, the company said it would put the plan into action within the next few days.
“With the completion of this transaction, we will become the first Nasdaq-listed company with a primary mission centered around the Avalanche ecosystem. The transaction is expected to close on or about October 30, 2025,” it reads.
AVAX price reached an all-time high of $146 in November 2021.
Current prices are far from this peak.
However, since Avalanche's price fell to an all-time low of $2.79 in 2020, bulls have rallied a whopping 630%.
