Agriforce (Agri), a company specializing in agricultural technology in Nasdaq, has announced plans to set up strategic preparations for Avax.
The company detailed it on September 22nd. The goal is to accumulate over $550 million in AvaxIn addition to changing his name from Agriforce to Avax One.
In this way, it will be the first company to create the Avalanche Finance Ministry in the Nasdaq.
As reported, the funding strategy includes private investment in $300 million public capital (PIPE) due to shareholder approval being pending.
Additionally, the company is expected to win an additional $250 million through new investment rounds or financial instruments such as bonds, equities and equities. So, The company will make funds available to fund Avax purchases Don’t depend on your operating income.
In the long term, the strategy involves acquiring and consolidating fintech businesses that can generate revenue directly in avalanche networks, strengthening their ecosystems and increasing the usefulness of accumulated assets.
After the announcement, Agri Stock Action quotes have gone from 2.37 to 7.28which represents a 207% increase, as seen in the graphics provided by TradingView.
Skybridge Capital founder Anthony Scaramucci will be one of the boards of the company’s Strategic Advisory Committee. In this regard, he states: “Avalanches are clearly an institutional platform for this change, and Skybridge is already committed to Tokenizar on the network. AvaxOne will become an essential access route for public investors’ participation.”
Avax prices also respond to the news, with their prices accumulating weekly increases of 15%.
Institutional support can raise Avax prices in the short term. In addition to creating strategic reserves, Bitwise, digital asset management company, He submitted a request to the Bag and Securities Commission (SEC) to list Avax’s cited background (ETF)encouraging new investors to enter and increase the visibility of your assets.
This presentation is not the first. As Cryptonoticias reported on August 22, Grayscale Investments presented the SEC with its intention to convert Avax background to ETFs to cash negotiated on Nasdaq.
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