AVAX One Spends $110 Million to Acquire Over 9.37 Million AVAX Tokens, Expanding Holdings to 13.8 Million

AVAX One, a publicly traded company formerly known as AgriFORCE Growing Systems, has executed a massive acquisition of 9,377,475 AVAX tokens between November 5 and November 23, 2025, spending a total of $110 million. The tokens were purchased at a weighted average price of $11.73 each, elevating the company's total AVAX holdings to more than 13.8 million tokens, valued at approximately $193 million based on current market prices.

The acquisition is part of a strategic shift for the company, which rebranded from AgriFORCE to AVAX One and changed its ticker symbol from AGRI to AVX on November 12, 2025. This move transitions the firm from agriculture technology to focusing on building a digital asset treasury centered around the Avalanche ecosystem. Jolie Kahn, CEO of AVAX One, emphasized the company's opportunistic approach, stating, "We intend to remain highly opportunistic with our remaining cash position as we evaluate additional purchases of AVAX tokens and our own stock."

AVAX One retains $35 million in cash for further token acquisitions and share buybacks, with an approved $40 million share repurchase program set to commence soon. The company is also exploring avenues to raise up to $550 million to scale its acquisitions. Matt Zhang, Managing Partner of Hivemind and Chairman of AVAX One's Board, highlighted the favorable market conditions, noting, "With the current market volatility, we believe this is an opportune time to accumulate AVAX and accrete value for our shareholders."

The initiative has garnered high-profile support, with Anthony Scaramucci, founder of SkyBridge Capital, leading the advisory board. This activity aligns with growing institutional interest in the Avalanche network, which has attracted projects from major financial institutions like JPMorgan, Apollo Global Management, and BlackRock for tokenization and settlement use cases. Additionally, the Avalanche Foundation is reportedly raising $1 billion to seed digital-asset treasury vehicles, further bolstering AVAX's role in on-chain finance.