M2 Capital Invests $21 Million in Nasdaq-Listed AVAX One Digital Asset Treasury

M2 Capital Limited, the proprietary investment arm of M2 Group, a UAE-headquartered conglomerate specializing in digital asset and fintech solutions, has announced a $21 million strategic investment in AVAX One Digital Asset Treasury (DAT) — a Nasdaq-listed company focused on AVAX, the native token of the Avalanche blockchain ecosystem.

The investment underscores M2 Capital’s long-term commitment to connecting global blockchain innovation with the growing demand for regulated digital assets across the MENA region.

AVAX One, formerly known as AgriFORCE Growing Systems (Nasdaq: AGRI), was rebranded on September 22, 2025, to become the first Nasdaq-listed digital asset treasury dedicated to maximizing AVAX ownership per share. The transition was backed by an initial PIPE financing round led by Hivemind Capital, alongside M2 Capital and Cypher Capital. The new vehicle aims to raise approximately $300 million — combining capital and AVAX contributions — and is expected to launch with more than $420 million worth of AVAX on its balance sheet.

Through this partnership, M2 Capital will leverage its regional expertise and institutional networks to accelerate AVAX accumulation, strengthen Avalanche’s network security, and drive wider ecosystem adoption.

James Greenwood, CEO of M2 Capital, commented: “Avalanche’s architecture has been built for the next era of blockchain solutions, and AVAX is its core economic engine. Our participation in this treasury demonstrates our conviction in the Avalanche ecosystem and our commitment to supporting its continued growth and adoption, as well as the growth and adoption of blockchain networks globally.”

Matt Zhang, Founder of Hivemind Capital and nominated Chairman of the AVAX One Board, added:
“We’re grateful to M2 Capital for their support as we continue to advance Avalanche’s institutional growth story. The depth and diversity of participation we’ve seen reflects the industry’s recognition of Avalanche as a leading platform for onchain finance and reinforces the role AVAX One plays as the premiere, regulated gateway to that future.”

Avalanche is a high-performance, institutional-grade blockchain designed to serve as a foundational settlement layer for global finance. Its native token, AVAX, consistently ranks among the top 15 cryptocurrencies by market capitalization, currently valued at around $12 billion, with more than $4 billion in total value locked (TVL) across its ecosystem — reinforcing its maturity as a digital asset.

The AVAX One investment marks the latest in M2 Capital’s strategic blockchain initiatives. Earlier this year, M2 Capital participated in a PIPE investment to support the Sui Foundation and Nasdaq-listed SUI Group Holdings Ltd., followed by a $20 million investment in Ethena ($ENA) to advance institutional-grade blockchain infrastructure.

Privately held and backed by institutional shareholders with strong ties to the UAE’s innovation economy, M2 Group continues to strengthen the region’s role as a global hub for digital finance and blockchain advancement.