#AnthonyScaramucci Backs #Avalanche Treasury Initiative, Raises $550M Fund


SkyBridge Capital founder Anthony Scaramucci is leading the strategic advisory board for AgriFORCE Growing Systems' transformation into an $AVAX-focused digital asset treasury company. The Nasdaq-listed firm will rebrand as Avax One and aims to raise $550 million for token acquisitions.


AgriFORCE shares surged 149% on Monday following the announcement, trading at $5.99 as investors responded positively to the #Avalanche treasury strategy. The company plans to accumulate over $700 million in $AVAX tokens through its capital raising initiatives.


The funding strategy includes a $300 million private investment in public equity placement plus an additional $250 million through equity-linked instruments. HiveMind Capital leads the raise with participation from over 50 institutional investors, including ParaFi, Galaxy Digital, Digital Currency Group and Kraken.


Scaramucci emphasized Avalanche's technological advantages during a CNBC interview, describing it as a "Swiss Army knife of Layer 1s" with significant flexibility. He noted growing interest from corporate chief technology officers in utilizing Avalanche's infrastructure for various applications.


The company's transformation follows the broader trend of smaller Nasdaq firms pivoting to altcoin treasury strategies. This movement was initially inspired by #Saylor's $BTC-focused Strategy approach, expanding to include tokens like $SOL, $XRP, and now $AVAX.

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September 22, 2025 at 7:36 PM