Avalanche's Price Drops 3.83% as AVAX One Raises $550 Million

Avalanche's latest price was $32.34, down 3.833% in the last 24 hours. Avalanche has been making significant strides in the blockchain and cryptocurrency space, with several key developments and partnerships that highlight its growing institutional traction and strategic initiatives. AgriFORCE Growing Systems Ltd. has announced its rebranding to AVAX One, positioning itself as the first Nasdaq-listed company dedicated to maximizing ownership of AVAX, the native token of the Avalanche blockchain. This move is part of a $550 million capital raise strategy aimed at holding more than $700 million in AVAX, establishing AVAX One as a foundational player in the Avalanche ecosystem. The company seeks to accumulate and stake AVAX, leveraging Avalanche’s high native staking yields to generate positive cash flow from day one. Beyond native staking, AVAX One will explore alternative yield opportunities such as liquid staking, liquidity provisioning, and MEV strategies to support the growth of Avalanche ecosystem projects.

AVAX One’s strategy is backed by Hivemind Capital, with founder Matt Zhang nominated as chairman of the board. Zhang described the company’s vision as building the “Berkshire Hathaway of the on-chain financial economy.” The company has assembled a high-profile advisory board co-led by Anthony Scaramucci, founder of SkyBridge Capital, and Brett Tejpaul, head of Coinbase Institutional. Scaramucci emphasized the significance of the tokenization of assets, stating that Avalanche has become the institutional-grade platform for this shift, and AVAX One will be the essential on-ramp for public investors to participate. The capital raise has drawn participation from more than 50 institutional and crypto-native investors, including ParaFi, Galaxy Digital, Digital Currency Group, Kraken, FalconX, Borderless Capital, Republic Digital, Cypher Capital, and HashKey Capital.

Institutional engagement with Avalanche has accelerated, with global firms such as KKR, Apollo, and J.P. Morgan using Avalanche technology to launch customized, compliant blockchains. The Avalanche Foundation is also reported to be raising as much as $1 billion through two U.S.-based investment vehicles designed to accumulate AVAX. The first is AgriFORCE, led by Hivemind Capital, and a second $500 million special purpose acquisition company (SPAC), backed by Dragonfly Capital, is expected to close in October. Both structures would secure large AVAX reserves, creating long-term buying pressure and liquidity. Swedish asset manager Virtune launched an ETP offering exposure to AVAX, followed by VanEck’s application for an Avalanche ETF in March. Last month, Grayscale filed to convert its Avalanche Trust into an ETF, and Bitwise Asset Management also filed for SEC registration of a spot Avalanche ETF, further underlining demand from traditional finance.

AVAX One plans to focus on disciplined accumulation of AVAX in the near term, while long-term plans include acquiring and onboarding fintech businesses onto the Avalanche network. The funding plan is structured around a $300 million private investment in public equity (PIPE), pending shareholder approval, along with an additional $250 million in future equity-linked instruments. According to Matt Zhang, the combined strategy is expected to make AVAX One one of the largest token-holding corporate entities in the Avalanche ecosystem. The firm intends to stake the majority of its AVAX holdings, leveraging Avalanche’s high native staking yields. This strategy is expected to make AVAX One’s cash flow positive from day one while allowing its net asset value to grow over time. Beyond native staking, the company will also explore alternative yield opportunities such as liquid staking, liquidity provisioning, and MEV strategies. These activities are intended to generate higher risk-adjusted returns while supporting the growth of Avalanche ecosystem projects.

Jolie Kahn, chief executive officer of AVAX One, highlighted the changing architecture of financial markets, stating that programmable blockchains like Avalanche are the new foundation. She added that AVAX One provides public market investors with a professionally managed vehicle to invest directly in this transformation. The rebrand and fundraising strategy are backed by Hivemind Capital, with founder Matt Zhang nominated as chairman of the board. Zhang described the company’s vision as building the “Berkshire Hathaway of the on-chain financial economy.” The company has assembled a high-profile advisory board co-led by Anthony Scaramucci, founder of SkyBridge Capital, and Brett Tejpaul, head of Coinbase Institutional. Scaramucci emphasized the significance of the tokenization of assets, stating that Avalanche has become the institutional-grade platform for this shift, and AVAX One will be the essential on-ramp for public investors to participate. The capital raise has drawn participation from more than 50 institutional and crypto-native investors, including ParaFi, Galaxy Digital, Digital Currency Group, Kraken, FalconX, Borderless Capital, Republic Digital, Cypher Capital, and HashKey Capital.

The Avalanche ecosystem has seen significant institutional adoption milestones with the first Nasdaq-listed entity implementing AVAX staking as part of its operational strategy. This development aligns with broader corporate treasury adoption trends, signaling growing institutional confidence in Avalanche's infrastructure for tokenized assets. Technical advancements continue to enhance network efficiency, most notably through the Octane upgrade. This implementation reduced transaction fees by 42.7%, substantially improving cost-effectiveness for users and developers. These improvements contribute to Avalanche's competitive positioning as a high-performance layer-1 blockchain solution.

Network activity metrics demonstrate robust ecosystem growth, with decentralized exchange (DEX) volumes achieving a record $1.3 billion. This milestone reflects increasing utilization of Avalanche-based decentralized finance protocols. The platform has also experienced significant transaction growth, processing over 10.8 million daily transactions during Q3 2025. Major partnerships are expanding Avalanche's real-world applications. The Binary Holdings has deployed on Avalanche with the objective of onboarding more than 169 million users. Simultaneously, strategic collaborations with industry leaders like Toyota have materialized through initiatives such as the Mobility Orchestration Network, while financial institutions including SkyBridge are leveraging Avalanche for tokenization solutions.

Total Value Locked (TVL) within Avalanche's DeFi ecosystem reached $2.1 billion in Q3 2025, doubling from previous levels. Key protocols like Aave have contributed significantly to this expansion, along with integrations involving assets such as sUSDe and platforms like Pendle Finance. Regulatory progress includes Bitwise's filing for a spot AVAX exchange-traded fund (ETF) in September 2025. Industry analysts have indicated approximately 90% probability of approval under new Securities and Exchange Commission guidelines streamlining crypto ETF applications, representing a potential watershed moment for institutional access.