Group 1: Avalanche (AVAX) - AgriFORCE Growing Systems Ltd (AGRI) is rebranding as AVAX One, becoming the first NASDAQ-listed company focused on Avalanche, with plans for a $550 million capital raise strategy to acquire over $700 million worth of AVAX tokens [2] - AVAX One aims to provide a public vehicle for investors interested in Avalanche, which has attracted major Wall Street players like KKR, Apollo, and J.P. Morgan for tokenization projects [3] - Avalanche is viewed as an institutional-grade settlement layer, currently secured by $6.2 billion in staked assets, with a vision to build a "Berkshire Hathaway of the onchain financial economy" through a two-layered strategy of short-term accumulation and long-term fintech onboarding [4] Group 2: Binance (BNB) - CEA Industries Inc., now the BNB Network Company, announced a $500 million common equity PIPE and up to $750 million in warrants, marking a significant institutional fundraising effort for BNB [6] - Since the initiation of its treasury program in August, BNB has increased by 35.6%, contributing to a 47.5% year-to-date gain, with the company emphasizing BNB's undervaluation despite its growth [7] - The BNB Network Company is actively purchasing BNB daily, supported by a $250 million share repurchase program to enhance BNB concentration per share [7]
Altcoin Spotlight: AVAX and BNB Gain Massive Institutional Backing