Agroorce cultivation systems (Agri) It is a brand change like Avax One and launches a capital increase of $ 550 million to become the first company that is in Nasdaq focused on acquiring Avalanche The Native Avalanche Blockchain file, said the company in a press release on Monday.
Anthony Scaramucci, founder of the investment firm Skybridge Capital, and a long -term defender of digital assets, joins as head of the firm’s advisory board.
Agriforce shares were quoted by 132% more after the ad. Avax was lower by 3% in the last 24 hours.
The company said it aims to accumulate more than $ 700 million in AVAX, giving public investors a professionally administered vehicle to obtain exposure to the network, which ensures $ 6.2 billion in assets staked and has been used by companies such as JPMorgan and Apollo for tokenization initiatives.
The founder of Hivemind Capital, Matt Zhang, who will preside over the Board, said that Avax One’s plan is to build the “Berkshire Hathaway of Ochain’s financial economy”, combining the accumulation of disciplined Token with Fintech acquisitions to boost growth.
Anthony Scaramucci of Skybridge Capital, who joins the company’s advisory board together with the institutional head of Coinbase Brett Tejpaul, said that token is “the largest issue for the next decade of finance” and that Avax One offers a public market ramp to participate in that turn.
The increase includes a $ 300 million pipe, the approval of shareholders waiting for shareholders and up to $ 250 million in additional offers linked to capital, with the participation of investors such as Galaxy Digital, DCG, Kraken and Cypher Capital.
Big Brain Holdings, Falconx, Digital Republic, Borderless Capital, Summer Capital, GSR Ventures, Fintech Collective, Bastion Trading, CMCC Global Titan Fund, Hypersphere, Fifth Lane Capital and Hashkey Capital also participated in the increase.
Avax One will also continue to operate the existing energy infrastructure business of Agriforce through its Digital Terrahash Division.
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