Dubai, UAE – M2 Capital Limited, the investment arm of M2 Group, has announced a strategic investment of $21 million in AVAX One Digital Asset Treasury (Nasdaq: AVAX), a publicly listed company specializing in the management of AVAX, the native token of the Avalanche ecosystem.
This investment is part of M2 Capital’s long-term strategy to bridge global blockchain innovation with the growing appetite for regulated digital assets in the Middle East and North Africa (MENA) region.
The move marks the latest in a series of initiatives by M2 Capital aimed at supporting the development of institutional-grade blockchain infrastructure, following its previous investments in Sui Treasury and Ethena earlier this year.
Avalanche is a high-speed, institutional-grade blockchain network with a market capitalization of approximately $12 billion, ranking among the top 15 global cryptocurrencies. The AVAX ecosystem has continued to demonstrate scalability, resilience, and institutional readiness, positioning itself as a key player in the next generation of blockchain finance.
On September 22, 2025, AgriFORCE Growing Systems (Nasdaq: AGRI) announced its rebranding to AVAX One, becoming the first Nasdaq-listed digital asset treasury company dedicated to maximizing AVAX ownership on a per-share basis. The company’s initial PIPE financing round, led by Hivemind Capital with participation from M2 Capital and Cypher Capital, is projected to raise approximately $300 million, split between capital and AVAX token contributions. AVAX One aims to launch with over $420 million worth of AVAX on its balance sheet.
Through this partnership, M2 Capital brings its regional expertise, institutional network, and strategic insight into market adoption trends. The firm will work closely with fellow investors and ecosystem partners to support AVAX accumulation, enhance network security, and unlock new opportunities for Avalanche adoption.
Commenting on the investment, James Greenwood, Chief Executive Officer of M2 Capital, said:
“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.”
This latest contribution to the AVAX Digital Asset Treasury underscores M2 Capital’s expanding portfolio in the blockchain and digital assets sector. In July 2025, M2 Capital joined leading investors in supporting the Sui Foundation and Nasdaq-listed SUI Group Holdings Ltd., followed by a $20 million investment in Ethena ($ENA) earlier this month as part of a strategic partnership.
M2 Group remains privately held and backed by institutional shareholders with deep roots in the UAE’s innovation economy, reinforcing the company’s long-term regional alignment and commitment to advancing regulated blockchain adoption across global markets.
