[PRESS RELEASE – Abu Dhabi, UAE, October 15th, 2025]

Leading UAE-based Group invests in first AVAX-focused treasury increasing access to token across the MENA region.

M2 Capital Limited, the proprietary investment arm of M2 Group, a UAE-headquartered conglomerate focusing on digital assets, announced a strategic investment of $21 million in the Nasdaq-listed AVAX One Digital Asset Treasury (DAT), focused on AVAX, the native token of the Avalanche ecosystem. This investment aligns with M2 Capital’s strategic vision of bridging blockchain advancements with the compliant digital asset demand in the MENA region.

On September 22, 2025, AgriFORCE Growing Systems (Nasdaq: AGRI) declared its rebranding as AVAX One, becoming the inaugural Nasdaq-listed treasury company dedicated to optimizing AVAX ownership per share. With an initial PIPE financing round led by Hivemind Capital and co-investor Cypher Capital, the vehicle is projected to secure approximately $300 million, comprising capital and AVAX token contributions, aiming for a launch with over $420 million worth of AVAX on its balance sheet.

M2 Capital leverages its regional expertise and market access, working in collaboration with other investors and ecosystem partners to facilitate AVAX accumulation, reinforce network security, and spark new opportunities for Avalanche adoption.

Commenting on the investment, James Greenwood, Chief Executive Officer of M2 Capital, stated: “Avalanche’s architecture has been designed for the forthcoming blockchain solutions era, with AVAX being its core economic engine. Our engagement in this treasury reflects our belief in the Avalanche ecosystem and our dedication to promoting its sustained growth and acceptance, alongside the broader blockchain networks globally.”

Matt Zhang, Founder of Hivemind Capital and elected Chairman of the AVAX One Board, noted: “We’re thankful to M2 Capital for their backing as we work to propel Avalanche’s institutional growth narrative. The extensive participation we’ve experienced underscores the industry’s acknowledgment of Avalanche as a premier platform for on-chain finance and emphasizes the crucial role AVAX One plays as the foremost regulated gateway to future developments.”

Avalanche is an advanced, institutional-grade blockchain engineered to act as a vital settlement layer for global finance’s future. Its native token AVAX consistently ranks among the top cryptocurrencies, with a market cap nearing $12 billion and a total value locked exceeding $4 billion, highlighting its scale and maturity in the digital asset landscape, thereby making it a prime candidate for a professionally managed treasury.

The contribution to the AVAX Digital Asset Treasury is a continuation of M2 Capital’s strategic initiatives to bolster the adoption of institutional-grade blockchain infrastructure. Recently, in July, M2 Capital joined other major investors and partners to support the Sui Foundation and Nasdaq-listed SUI Group Holdings Ltd. (previously Mill City Ventures III, Ltd.) via a PIPE investment aimed at forming a dedicated Sui Treasury. M2 Capital also invested $20 million in Ethena ($ENA) as part of a strategic partnership earlier this month.

M2 Group is privately owned and includes institutional shareholders with established ties in the UAE’s innovation economy, ensuring long-term local alignment and strategic access.

About M2 Group

M2 Group, based in the UAE, is committed to providing secure, regulated, and innovative digital asset solutions for both individual and institutional investors through its regulated entities and affiliates:

• M2 Custody Limited (M2CL), regulated by the FSRA in Abu Dhabi Global Market (ADGM)
• M2 Global Wealth Limited (M2GW), regulated by the Securities Commission of The Bahamas (SCB)
• M2 Capital Limited (M2CL), the investment arm established in ADGM

These entities are compliant and overseen by the FSRA (ADGM) and the SCB, offering clients institutional-grade custody, tailored yield strategies, digital asset financing, and extensive OTC liquidity. With strong governance and global compliance, M2 combines local knowledge and international presence to create exceptional opportunities and facilitate a seamless digital wealth experience. For further information, interested parties can visit: www.m2.com.

Note: The referenced $21 million amount represents the approximate value of the investment at the signing time.