Agrorce growing systems (Agri) is Ommarking as Avax One and the launch of a $ 550 million capital increase to become the first NASDAQ-listed company focusing on acquiring Avalanche The native token for Avalanche Blockchain, the company said in a press release on Monday.
Anthony Scaramucci, founder of the investment company Skybridge Capital and a long -term spokesman for digital assets, joins the company’s advisory board.
Shares of Agrorce traded 132% higher after the message. Avax was lower by 3% over the last 24 hours.
The company said it is aiming to collect more than $ 700 million worth of Avax, giving public investors a professionally managed vehicle to get exposure to the network, securing $ 6.2 billion in stacked assets and has been used by companies such as JPMorgan and Apollo for tokenization initiatives.
Hivemind Capital founder Matt Zhang, who will be chairman of the board, said Avax One’s plan is to build “Berkshire Hathaway from Onchain Financial Economy”, combining disciplined token accumulation with fintech acquisitions to drive growth.
Skybridge Capitals Anthony Scaramucci, who joins the company’s advisory board together with Coinbase Institutional Head Brett Tejpaul, said tokenization is “the biggest theme for the next decade of financing” and that Avax One offers a public market on the ramp to participate in that shift.
The mound includes a $ 300 million pipe, pending shareholder approval and up to $ 250 million in additional share -bound offers, with the participation of investors, including Parafi, Galaxy Digital, DCG, Kraken and Cypher Capital.
Big Brain Holdings, Falconx, Republic Digital, Borderless Capital, Summer Capital, GSR Ventures, Fintech Collective, Bastion Trading, CMCC Global Titan Fund, Hyperspan, Fifth Lane Capital and Hashkey Capital also participated in Raud.
Avax One will also continue to operate Agrorce’s existing energy infrastructure business through its Terrahash Digital Division.
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