{"id":11592,"date":"2026-08-07T03:03:07","date_gmt":"2026-08-07T03:03:07","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=11592"},"modified":"2026-08-07T03:03:07","modified_gmt":"2026-08-07T03:03:07","slug":"avax-one-holds-88-million-in-avalanche-tokens-but-its-lender-only-wants-cash-or-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=11592","title":{"rendered":"AVAX One holds $88 million in Avalanche tokens, but its lender only wants cash or Bitcoin"},"content":{"rendered":"

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An unnamed institutional investor has drastically tightened its leash on AVAX One, raising the Nasdaq-listed crypto firm’s minimum liquidity requirement 35-fold and strictly excluding its namesake Avalanche token from counting toward the new threshold.<\/p>\n

The stringent restructuring, detailed in an Aug. 5 Securities and Exchange Commission (SEC) filing, follows the July departure of CEO Jolie Kahn. Her exit triggered a default on a key-person covenant, forcing the digital asset treasury company to renegotiate its debt.<\/p>\n

Kahn previously orchestrated the firm’s pivot from agriculture to digital assets under the AgriFORCE moniker. Since her exit, the company\u2019s shares have fallen about 42% to $3.20.<\/p>\n

\n
\"Avalanche\"Avalanche<\/div>\n
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Treasury plans can reshape AVAX\u2019s role in the multi-chain finance, as it did with Ethereum and Solana.<\/p>\n

Oct 2, 2025<\/span> \u00b7<\/span> Gino Matos<\/span><\/p>\n<\/div><\/div>\n

This move comes amid a broader restructuring where AVAX One retired $6.8 million in outstanding principal debentures.<\/p>\n

AVAX One faces stringent debt conditions<\/h2>\n

Under the agreement, the institutional investor waived the breach after AVAX One paid $1.3 million and accepted significantly tougher financial conditions.<\/p>\n

The first change was a 3,400% increase in the company\u2019s minimum liquidity requirement to $3.5 million from $100,000. The amended covenant recognizes only bank cash and Bitcoin held in custody.<\/p>\n

This means that AVAX One\u2019s core Avalanche treasury is unable to satisfy the test regardless of its market value. CoinGecko data shows the company holds nearly 14 million AVAX tokens worth about $88 million.<\/p>\n

\n
\"Avalanche\"Avalanche<\/div>\n
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Avalanche’s strategic treasury initiatives could amplify AVAX appeal amid rising real-world asset integrations.<\/p>\n

Sep 11, 2025<\/span> \u00b7<\/span> Oluwapelumi Adejumo<\/span><\/p>\n<\/div><\/div>\n

AVAX One also faces a 180-day deadline from Kahn\u2019s departure to appoint a permanent CEO deemed acceptable to the lender. Peter Wylie Jr. currently serves as interim chief executive.<\/p>\n

The agreement also raised the remaining debenture\u2019s principal to $8.47 million from $7.7 million before applying the $1.3 million payment.<\/p>\n

\n
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\"Timeline\"Timeline<\/p>\n

The filing did not explain the $770,000 increase. AVAX One said the broader restructuring included repayment premiums, but did not directly link them to the adjustment. After the payment, about $7.42 million remained outstanding.<\/p>\n

The lender also accelerated its capital recovery by increasing monthly redemptions to one-tenth of the original principal from one-twenty-fifth.<\/p>\n

Finally, the accelerated conversion price was reduced to 82.5% from 85% of a benchmark tied to the three lowest trading prices over the previous 10 trading days.<\/p>\n

The deeper discount could allow the lender to receive more shares when converting the debt, increasing potential dilution for existing investors.<\/p>\n<\/div>\n

Digital Asset Treasuries,Featured,TradFi,Trading,Bitcoin,BTC,payments,regulationBitcoin,BTC,payments,regulation#AVAX #holds #million #Avalanche #tokens #lender #cash #Bitcoin1786071787<\/p>\n","protected":false},"excerpt":{"rendered":"

An unnamed institutional investor has drastically tightened its leash on AVAX One, raising the Nasdaq-listed crypto firm’s minimum liquidity requirement 35-fold and strictly excluding its namesake Avalanche token from counting toward the new threshold. The stringent restructuring, detailed in an Aug. 5 Securities and Exchange Commission (SEC) filing, follows the July departure of CEO Jolie<\/p>\n","protected":false},"author":1,"featured_media":11593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[6068,6067,91,285,109,372,3151,406,167,389,234],"class_list":["post-11592","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-avalanche","tag-avax","tag-bitcoin","tag-btc","tag-cash","tag-holds","tag-lender","tag-million","tag-payments","tag-regulation","tag-tokens"],"yoast_head":"\nAVAX One holds $88 million in Avalanche tokens, but its lender only wants cash or Bitcoin - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Avax One must maintain $3.5 million in cash or Bitcoin under tougher terms imposed after Jolie Kahn\u2019s departure.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=11592\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AVAX One holds $88 million in Avalanche tokens, but its lender only wants cash or Bitcoin\" \/>\n<meta property=\"og:description\" content=\"Avax One must maintain $3.5 million in cash or Bitcoin under tougher terms imposed after Jolie Kahn\u2019s departure.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=11592\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-07T03:03:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/avax-one-token-debt-pressure-clamp.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11592\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=11592\",\"name\":\"AVAX One holds $88 million in Avalanche tokens, but its lender only wants cash or Bitcoin - 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