Remember Anthony Scaramucci? The guy who lasted 11 days as Trump’s communications director but somehow turned that into a finance career flex? Well, he’s back, and this time he’s helping a struggling agriculture company pull off one of the wildest corporate pivots you’ll see this year.
Meet AgriFORCE Growing Systems, a micro-cap agtech company that was having about as much success growing profits as I have growing houseplants. Their stock was down 60% this year before Monday happened. Then they dropped some news that sent shares rocketing 254% in a single day.
The plot twist? They’re basically saying “forget farming, we’re going full crypto now.”
Here’s the deal: AgriFORCE is rebranding itself as “AVAX One” and plans to become the first Avalanche treasury company trading on Nasdaq. Think MicroStrategy’s Bitcoin strategy, but with AVAX tokens instead. They want to raise $550 million and buy $700 million worth of AVAX – which, if you’re keeping track, is more money than they’ve probably ever seen in their agricultural days.
Scaramucci isn’t just lending his name here – he’s leading the advisory board and bringing his hedge fund connections to the party. The guy who once said he’d “front-stab” people for Trump is now front-stabbing the traditional agriculture business model.
This isn’t AgriFORCE’s first crypto rodeo, though. They dipped their toes into Bitcoin mining back in 2020, but apparently decided that wasn’t working out so well. So naturally, the logical next step was to go all-in on a different crypto entirely.
The timing isn’t terrible – AVAX has been on a tear lately, up 30% in the past month. And there’s definitely a trend here. Just last week, a European soccer company called Brera Holdings announced they were pivoting to become a Solana treasury, and their stock shot up 450% in two days. It’s like the corporate equivalent of “fake it till you make it,” except they’re not really faking anything – they’re just completely changing what they make.
“The tokenization of assets is the single biggest theme for the next decade of finance,” Scaramucci said in the company’s statement. Classic Mooch – always ready with a quotable soundbite that sounds both visionary and vague enough to mean whatever you want it to mean.
Look, I get it. If you’re a struggling company watching your stock price circle the drain, and you see other companies getting massive bumps just by saying “crypto” three times fast, the temptation is real. It’s like the 2021 version of adding “.com” to your company name in 1999.
But here’s what’s actually interesting: this isn’t just a desperate Hail Mary. Scaramucci and blockchain-focused Hivemind Capital are backing this with real money. These aren’t crypto tourists – they know what they’re getting into.
The big question is whether AgriFORCE can actually execute on this vision or if they’ll end up like so many other companies that tried to ride the crypto wave without understanding the undertow. Scaramucci’s track record suggests he knows how to navigate choppy waters, even if his political career was shorter than a TikTok video.
For now, investors are betting on the pivot. Whether that bet pays off long-term remains to be seen. But hey, at least it’s more entertaining than watching corn grow.