Scaramucci-Backed Crypto Treasury Company Launches With $550 Million Fundraising Plan

Anthony Scaramucci and Hivemind Capital have launched AVAX One, a newly rebranded crypto treasury firm converting AgriFORCE into a digital-asset vehicle, supported by a $550 million fundraising effort. AVAX One intends to amass over $700 million in AVAX tokens and to tokenize traditional assets on the Avalanche blockchain, while acquiring fintech and insurance firms to transition their operations on chain. Scaramucci will head the advisory board, driving capital and marketing efforts, and Matt Zhang (of Hivemind) is set to become board chair. The pivot triggered a 134 % surge in AgriFORCE’s share price, underscoring investor enthusiasm — though broader crypto-treasury ventures now face scrutiny amid volatile valuations.