Overview

• The Nasdaq-listed firm announced a pivot to become the first public company dedicated to accumulating Avalanche’s AVAX token, subject to deal closings and approvals.
• The financing plan includes a $300 million PIPE pending shareholder approval and about $250 million in equity-linked instruments, with more than 50 investors such as Galaxy Digital, Kraken, ParaFi and DCG named as participants.
• SkyBridge Capital’s Anthony Scaramucci will lead the strategic advisory board, HiveMind founder Matt Zhang is slated to chair the board, and Coinbase Institutional’s Brett Tejpaul will join as an advisor.
• Shares of AgriFORCE (AGRI) spiked intraday by triple-digit percentages after the announcement, with reports citing gains of roughly 130% to over 200% during Monday’s session.
• AVAX One’s model centers on disciplined token accumulation, staking to earn validator rewards cited near 6.7% annually, and acquiring cash‑flowing fintech businesses on Avalanche, while continuing the TerraHash Digital energy/mining division.