The digital asset market has been caught in a storm of red this week, with Bitcoin, Ethereum, and other leading cryptocurrencies showing sharp corrections.
Yet, amid this bearish climate, Avalanche’s native token, AVAX, has turned heads by pushing upward on the back of significant institutional news.
Wall Street veteran and SkyBridge Capital founder Anthony Scaramucci has placed a major bet on Avalanche, steering capital and confidence towards the blockchain.
This article will explain how Scaramucci’s investment is reshaping sentiment around Avalanche, what the funding will be used for, and why AVAX has managed to turn green among widespread losses.
Anthony Scaramucci’s investment
Anthony Scaramucci is no stranger to financial headlines. From his time as a White House communications director to his role as founder of SkyBridge Capital, he has consistently blended politics, finance, and bold investments.
His latest focus is on Avalanche, and this time his involvement goes far beyond a passing endorsement. Scaramucci has taken up the position of chair for the advisory board of a new digital asset treasury initiative that is centred around accumulating AVAX tokens.
The plan is ambitious. Backed by major institutions, the project intends to raise in excess of $550 million initially, with the ultimate goal of surpassing $700 million worth of AVAX holdings.
This scale of accumulation is striking for a single asset treasury, especially in an environment where investors are otherwise hesitant to add risk.
It demonstrates Scaramucci’s conviction that Avalanche will play a central role in the next wave of blockchain adoption, particularly in the field of tokenisation.
The vehicle for this treasury effort is AgriFORCE Growing Systems, a Nasdaq-listed firm that has rebranded as Avax One.
In shifting its focus entirely towards digital assets, the company has mirrored the strategy pioneered by MicroStrategy in its Bitcoin treasury model. Investors responded quickly to this pivot, with Avax One’s shares surging by nearly 150% in a single trading session.
That reaction highlights the degree to which markets still reward a clear and bold crypto narrative, especially when linked with a well-known figure like Scaramucci.
Backing the initiative are major institutional names, including Hivemind, Galaxy Digital, Digital Currency Group, and the Avalanche Foundation itself.
The combination of traditional finance and crypto-native capital indicates a growing alignment between these worlds. By securing such partners, Scaramucci has provided the credibility and scale needed to attract further interest.
What makes Avalanche attractive in his eyes is its design. He has often referred to the blockchain as the “Swiss Army knife” of Layer 1 platforms, emphasising its flexibility and customisation potential.
Subnets, in particular, allow firms to build bespoke chains to meet operational and regulatory requirements. This feature is appealing to enterprises exploring asset tokenisation, as it gives them a dedicated infrastructure that does not compromise security or scalability.
His commitment is not merely rhetorical. Alongside raising capital for the AVAX treasury, Scaramucci’s own firm, SkyBridge Capital, has explored tokenising portions of its $3 billion hedge fund on Avalanche.
The signal to investors is clear: this is not just speculation on a token, but an effort to integrate Avalanche into institutional finance.
AVAX Turns Green Among Reds
The timing of this investment could not have been more significant. Broader crypto markets have been on the decline, with traders liquidating billions in positions as macroeconomic pressures and expiry events weigh heavily.
Bitcoin slipped below key markers, Ethereum dropped sharply, and other major assets such as Solana, XRP, and Cardano registered double-digit declines over recent sessions.
In contrast, AVAX managed to buck the trend. The announcement of Scaramucci’s involvement, coupled with the rebranding of AgriFORCE to Avax One, triggered a notable spike in both token price and trading volume.
According to market data, AVAX has risen more than 30% over the past month and continues to hold positive momentum despite the surrounding sell-offs.
Trading volumes also saw an uptick of more than 120% in a single day following the announcement, reflecting the intensity of investor interest.
This divergence is not only a story of price. It signals that institutional narratives still hold immense power in shaping sentiment, particularly in times of volatility.
Investors often look for safe harbours or strong stories when broader markets falter, and Scaramucci’s bet on Avalanche provided exactly that.
The project now has an anchor in the form of a dedicated treasury aiming to accumulate hundreds of millions in AVAX, a move that naturally instils confidence among traders.
The funds being raised by Avax One are earmarked for long-term accumulation of AVAX tokens, but their impact goes deeper. Treasury models of this kind have the effect of reducing circulating supply while also reinforcing a token’s role in financial structures.
The expectation is that as more firms and funds pursue tokenisation strategies on Avalanche, demand for AVAX will expand well beyond speculative trading.
Subnets already allow institutions such as Apollo and J.P. Morgan to experiment with tokenisation on a smaller scale, and the hope is that larger-scale initiatives will follow.
Scaramucci has been forthright in his belief that “all assets will eventually be tokenised.” His comments are consistent with a growing consensus among financial leaders that blockchain technology will underpin the next generation of capital markets.
By positioning Avalanche as a key venue for this shift, he has aligned AVAX with one of the most promising long-term narratives in the industry.
Notably, Avalanche has already seen adoption from names such as Visa and BlackRock, underscoring its credibility.
When combined with its technical attributes of low latency, high throughput, and flexible subnet architecture, the platform stands out as an attractive option for enterprises.
This combination of institutional endorsement and technical capacity explains why AVAX has managed to post gains while others continue to drop.
Investor confidence is also being reinforced by the strategic planning around Avax One. The initiative is not merely speculative accumulation but a structured treasury strategy supported by PIPE transactions and equity-linked financing.
By raising funds in this way, Avax One aims to create a stable and well-capitalised base for AVAX holdings, which in turn reduces the risk of short-term volatility undermining its long-term goals.
For retail traders, the effect has been immediate. Seeing a token stand firm in the face of widespread losses creates a perception of strength and resilience.
For institutions, the combination of Scaramucci’s involvement and structured treasury planning signals that Avalanche is a network worth allocating resources to.
The result has been a rare moment where one project’s momentum contrasts sharply with the gloom surrounding the rest of the market.
Conclusion
Anthony Scaramucci’s decision to invest in Avalanche and lead the advisory efforts of Avax One has provided the market with a reminder of how influential institutional backing can be.
At a time when crypto markets are dominated by red charts and widespread corrections, AVAX has distinguished itself by posting gains and attracting renewed attention.
The treasury model being built by Avax One represents both a reduction in circulating supply and a commitment to long-term accumulation, aligning Avalanche with the growing narrative of asset tokenisation.