Scaramucci and Hivemind Unveil Blockchain "Berkshire Hathaway" with Plans to Secure $550 Million
Anthony Scaramucci, who previously served as White House Communications Director and is the founder of SkyBridge Capital, has partnered with Hivemind Capital to support
The fundraising package involves a $300 million Private Investment in Public Equity (PIPE), subject to shareholder consent, as well as an added $250 million from prospective equity-linked deals. Major institutional backers such as ParaFi, Galaxy Digital, Digital Currency Group, and Kraken are participating. Hivemind Capital, headed by former Citigroup executive Matt Zhang, has already made a significant financial commitment and will lead the board. Scaramucci is set to join the advisory team, using his expertise in traditional finance to help attract investment and boost outreach AGRI Announces Bold Move: $550 Million Capital Raise to Become... [ 2 ].
AVAX One’s approach resonates with the increasing institutional appetite for blockchain-powered financial infrastructures. The company seeks to tokenize tangible assets on Avalanche and integrate fintech businesses, aspiring to become the “Berkshire Hathaway” of onchain finance. This strategy highlights a belief in Avalanche’s ability to scale and its regulatory advantages, with Hivemind’s Zhang underscoring the network’s “favorable regulatory environment” for blockchain innovation AgriFORCE Stock Soars After Rebranding to AVAX One with $550M ... [ 3 ].
The rebrand has already sparked a strong reaction in the market. After the news broke, AgriFORCE’s shares soared by more than 200% in pre-market trading, showing renewed investor confidence. Previously, the company’s market cap hovered around $3.2 million, making the surge particularly notable. Jolie Kahn, AVAX One’s CEO, highlighted programmable blockchains like Avalanche as the “new foundational layer” for financial markets MLQ.ai | Stocks [ 4 ].
The Avalanche network has attracted attention from leading financial institutions, with $6.2 billion currently staked. Organizations such as KKR, Apollo, and J.P. Morgan Chase have launched solutions on Avalanche, further establishing its reputation among institutional investors. AVAX One’s emphasis on asset tokenization and onchain finance is part of a larger movement toward digital assets—a trend Scaramucci identified as the “biggest theme for finance in the coming decade.” The company’s broader plan involves acquiring fintech and insurance businesses to grow its presence within the Avalanche ecosystem AgriFORCE Stock Surges As Scaramucci Backs Pivot to AVAX … [ 5 ].
Despite the optimistic outlook, certain risks remain. AVAX One’s prospects rely on ongoing adoption of Avalanche technology, clear regulatory guidelines, and the performance of AVAX tokens. Experts point out that blockchain-oriented small-cap stocks may face significant swings, and AVAX One must effectively execute its fundraising and fintech integration plans to retain investor trust AGRI Stock Explodes on Avalanche Blockchain Pivot: The $550 … [ 6 ].
