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- 21:21AgriFORCE shareholders approve $300 million investment deal, expected to be completed by October 30, becoming AVAX treasury companyJinse Finance reported that AgriFORCE Growing Systems (NASDAQ: AGRI) announced that the company has received shareholder approval to complete the previously announced transaction, becoming the first publicly listed company focused on the Avalanche ecosystem. This transaction includes a private investment in public equity (PIPE) of approximately $300 million led by Hivemind Capital, which is expected to be completed by October 30. After the transaction is completed, the company will be renamed AVAX One and will change its stock ticker to reflect its strategic focus on the Avalanche ecosystem. AVAX One plans to hold over $700 million worth of AVAX tokens through a digital asset treasury strategy, aiming to build an institutional-grade Avalanche access platform. The company will continue to operate its existing AgriFORCE business, focusing on energy-driven digital infrastructure and clean energy technology.
- 20:42The US Dollar Index fell by 0.17% on the 27th.Jinse Finance reported that the US Dollar Index fell by 0.17% on the 27th, closing at 98.782 in the late foreign exchange market.
- 20:38ETHZilla has sold approximately $40 million worth of ETH for stock buybacksAccording to a report by Jinse Finance, a certain exchange company (Nasdaq: ETHZ) announced that it has sold approximately $40 million worth of Ethereum (ETH) for stock buybacks. Since the sale was executed on October 24, the company has repurchased about 600,000 shares of common stock for approximately $12 million and plans to continue using the remaining funds for further stock buybacks. The company still holds about $400 million in ETH for future strategic planning.