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Techub News, UAE investment institution M2 Capital announced a $21 million investment in the US-listed DAT company AVAX One. The company stated in a declaration that this move aims to support the development of Avalanche and the adoption of regulated digital assets in the Middle East. AVAX One was renamed from AgriFORCE Growing Systems Ltd., transitioning from an agricultural technology company to a digital asset treasury firm aimed at accumulating Avalanche's native token AVAX.
Techub News, according to CoinDesk, Avalanche treasury company AVAX One announced that its board of directors has approved a stock repurchase plan of up to $40 million. This plan will be executed at the company's discretion based on market conditions. AVAX One Technology (AVX) is an Avalanche-focused digital asset management company. Its advisory board is chaired by hedge fund veteran Anthony Scaramucci. The company shifted to a cryptocurrency fund management strategy in September, planning to raise $550 million to gradually acquire AVAX.
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