AVAX One, the digital asset treasury firm advised by SkyBridge Capital founder Anthony Scaramucci, saw its shares tumble more than 32% after it registered nearly 74 million shares held by insiders as available for sale. The company, which holds AVAX tokens and related Avalanche ecosystem assets, made the disclosure late on Tuesday. While the filing did not specify when, or even whether, the shares would be sold, registering them with the SEC paves the way for resale on the public market. The steep marke ...

Core Insights - AgriFORCE Growing Systems Ltd. has successfully closed its PIPE Financing, becoming the first publicly-traded company focused on the Avalanche blockchain ecosystem [1][3] - The transaction, initially announced on September 22, 2025, represents a significant milestone in the company's transformation into an institutional-grade vehicle for investors [2][3] - The company aims to provide public market investors with regulated access to the Avalanche ecosystem, enhancing its position in digital financial innovation [3] Company Strategy - The company plans to build a significant position in AVAX tokens through its PIPE financing and additional capital initiatives, including an at-the-market program [5] - AgriFORCE will be renamed AVAX One, focusing on maximizing AVAX per-share accretion for shareholders through a disciplined approach to digital asset treasury [7] - The company is advised by veterans from institutional finance and the digital asset industry, positioning itself as a premier gateway for public market investors [7] Avalanche Blockchain - Avalanche is a high-speed, institutional-grade blockchain that serves as a foundational digital settlement layer for future finance [4] - The technology is utilized by major financial institutions like KKR, Apollo, and J.P. Morgan Chase for tokenizing real-world assets [4] - The network is secured by over $6.9 billion in staked assets, indicating strong institutional backing [4]

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]

Group 1 - The Avalanche Foundation aims to raise $1 billion to establish two crypto treasury companies that will hold millions of AVAX tokens, purchasing them at a discounted price from the foundation [1] - The foundation is in discussions to raise up to $500 million through a private investment led by Hivemind Capital in an unidentified Nasdaq-listed company, with plans to finalize the deal by the end of the month [2] - A second deal is intended to create an AVAX treasury company via a special purpose acquisition company (SPAC) [2] Group 2 - There has been a trend of publicly-listed companies shifting to a crypto treasury strategy this year, inspired by Michael Saylor's approach, which has resulted in holding nearly 640,000 BTC valued at approximately $73 billion [3] - The cooling of the crypto bull market in August has negatively impacted the shares of many companies pursuing this model, potentially reducing enthusiasm for the strategy [3] Group 3 - AVAX experienced an increase of nearly 8% in the last 24 hours but has seen a decline of around 2.1% since midnight UTC, while the broader crypto market, as measured by the CoinDesk 20 Index, is up by 0.65% [4]

Core Insights - Avalanche has emerged from a 213-day consolidation phase, with plans to raise $1 billion through two US-based digital asset treasury companies [1] - The first treasury, led by Hivemind Capital, aims to raise $500 million, while the second, backed by Dragonfly Capital, also targets $500 million via a SPAC [2] - Market analysts view this fundraising as a buyback strategy that could reduce circulating supply and increase AVAX price momentum [3] Fundraising Details - Hivemind Capital's treasury is advised by financier Anthony Scaramucci and is targeting $500 million through a Nasdaq-listed firm [2] - Dragonfly Capital's treasury also plans to raise $500 million using a SPAC, facilitating quicker fund deployment and potential mergers [2] Market Reaction - The announcement has led to a 100% increase in 24-hour trading volume, reaching $1.93 billion, with AVAX experiencing a 9% daily gain [4] - Analysts speculate that AVAX could rise towards the $50 mark, with current trading around $28.70, approximately 45% below its yearly peak [5] Technical Analysis - The RSI for AVAX is nearing the overbought threshold of 70, indicating strong buying pressure but potential for a correction [5] - Bollinger Bands are expanding, suggesting a continuation of the current trend, with a sustained move above $28.22 potentially pushing prices towards $35–$40 [6] - The 20-day SMA at $24.99 serves as support, with a failure to hold above this level possibly leading to a drop to $22 or lower [6]