Scaramucci and Hivemind Launch Blockchain "Berkshire Hathaway" to Raise $550M

Anthony Scaramucci, former White House Communications Director and founder of SkyBridge Capital, has joined forces with Hivemind Capital to back AVAX One, a rebranded entity formerly known as AgriFORCE Growing Systems. The company has announced plans to raise approximately $550 million through a combination of private investments and equity-linked instruments, with a target of accumulating over $700 million in Avalanche’s native AVAX tokens. This initiative positions AVAX One as the first publicly traded company dedicated to maximizing exposure to the Avalanche blockchain, a high-speed platform designed for financial applicationsScaramucci-Backed AVAX One Launches $550M Fundraise: WSJ^[1].

The capital raise includes a $300 million Private Investment in Public Equity (PIPE) transaction, pending shareholder approval, and an additional $250 million through future equity-linked instruments. Institutional investors such as ParaFi, Galaxy Digital, Digital Currency Group, and Kraken have committed to the effort, while Hivemind Capital, led by ex-Citigroup executive Matt Zhang, has already invested “meaningful capital” and will chair the board. Scaramucci will serve on the advisory board, leveraging his influence in traditional finance to drive capital acquisition and marketingAGRI Announces Bold Move: $550 Million Capital Raise to Become...^[2].

AVAX One’s strategy aligns with growing institutional interest in blockchain-based financial infrastructure. The company aims to tokenize real-world assets on the Avalanche network and integrate fintech businesses, positioning itself as a “Berkshire Hathaway of the onchain financial economy.” The move reflects confidence in Avalanche’s scalability and regulatory environment, as highlighted by Hivemind’s Zhang, who noted the platform’s “supportive regulatory environment” for realizing blockchain’s potentialAgriFORCE Stock Soars After Rebranding to AVAX One with $550M ...^[3].

The rebranding has already triggered a significant market response. AgriFORCE’s stock surged over 200% in pre-market trading following the announcement, reflecting investor enthusiasm for the pivot. The company’s shares had previously traded at a market capitalization of $3.2 million, underscoring the dramatic shift in valuation. AVAX One’s CEO, Jolie Kahn, emphasized the transformative potential of programmable blockchains like Avalanche, stating they represent the “new foundation” for financial marketsMLQ.ai | Stocks^[4].

Avalanche’s ecosystem has gained traction among major financial institutions, with $6.2 billion staked on its network. KKR, Apollo, and J.P. Morgan Chase have all deployed solutions on the platform, reinforcing its credibility in institutional circles. AVAX One’s focus on tokenization and onchain finance aligns with broader trends in asset digitization, a theme Scaramucci described as the “single biggest theme for the next decade of finance.” The company’s long-term vision includes acquiring fintech and insurance firms to further expand its footprint on the Avalanche networkAgriFORCE Stock Surges As Scaramucci Backs Pivot to AVAX …^[5].

While the initiative signals optimism, risks remain. The success of AVAX One depends on sustained adoption of Avalanche’s technology, regulatory clarity, and the performance of AVAX tokens. Analysts note that small-cap stocks with blockchain exposure can experience volatility, and AVAX One’s ability to maintain investor confidence will hinge on its execution of the capital-raising plan and strategic integration of fintech assetsAGRI Stock Explodes on Avalanche Blockchain Pivot: The $550 …^[6].