Finance
What to know (if you’re into blockchain rollercoasters):
- AgriFORCE rebrands to AVAX One 🚀 because apparently “AgriFORCE” was too grounded for their crypto dreams. Now they’re raising $550 million to become Nasdaq’s first AVAX token hoarders. 🏦💸
- Anthony Scaramucci joins the advisory board – yes, THE guy who once called a certain former president “a man of the people.” 🤡 Let the chaos begin!
AgriFORCE Growing Systems (AGRI) – now rebranded as AVAX One because “AgriFORCE” was SOOOO last season – announced a $550 million capital raise to become the first Nasdaq-listed AVAX token accumulator. Because why not gamble your retirement savings on a blockchain token named after a natural disaster? 🎰
Anthony Scaramucci, the Wall Street hype man who’s about as subtle as a neon suit, will lead the strategic advisory board. Meanwhile, Matt Zhang from Hivemind Capital will chair the board, claiming they’re building the “Berkshire Hathaway of the onchain financial economy.” Sure thing. 🤔
Shares skyrocketed 132% 📈 because nothing says “financial stability” like a crypto-themed ticker change. AVAX token holders, however, are crying into their digital wallets after a 3% dip. 😭
The company aims to hoard $700 million worth of AVAX tokens, offering “professionally managed” exposure to a network securing $6.2 billion in staked assets. Fun fact: JPMorgan and Apollo use Avalanche for tokenization. Let that sink in. 🏦
The raise includes a $300 million PIPE (Private Investment in Fing Everything), approved by shareholders who clearly weren’t paying attention. Participating investors include ParaFi, Galaxy Digital, and a who’s who of crypto bros. 🚨
AVAX One will also keep running AgriFORCE’s energy infrastructure biz through TerraHash Digital. Because why not mix hemp farming with blockchain gambling? 🌿🎰
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2025-09-22 20:12