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The newly financed $550 million AVAX treasury company AGRI rose over 300% in pre-market, with a market capitalization of only $3.15 million.
On September 22, according to market data, Nasdaq-listed company AgriFORCE Growing Systems (AGRI) saw a pre-market price increase of 306.22%. It announced today a transformation into AVAX treasury strategy, becoming the first Nasdaq-listed company focused on Avalanche Blockchain technology. The company disclosed a financing strategy of $550 million, aiming to accumulate over $700 million in AVAX Tokens. Notably, based on the closing price of $2.41 last Friday, September 19, the company's market capitalization was only $3.15 million. AgriFORCE Growing Systems initially focused on agricultural technology, dedicated to developing and commercializing innovative agricultural solutions, particularly in the fields of sustainable agriculture and plant-based foods.