A bold new initiative could soon reshape how public companies interact with digital assets. A group of high-powered executives from both traditional finance and the crypto sector is working to create what may become the first publicly listed treasury company that doesn’t just hold Bitcoin—but diversifies across multiple leading cryptocurrencies.
At the heart of this push is M3-Brigade Acquisition V, a special-purpose acquisition company (SPAC) that plans to rebrand and reinvent itself by pivoting into crypto treasury management. According to insider sources reported by Bloomberg, the company aims to raise $1 billion in capital to fund this transformation.
Unlike most current players who concentrate their treasury reserves in Bitcoin, this upcoming venture wants to allocate across Bitcoin, Ethereum, Solana, and possibly others—an unusual approach in a market still largely dominated by single-token bets.
The leadership team behind this effort is stacked with notable names. Jaime Leverton, formerly of Hut 8, is expected to lead the company as CEO. Supporting her are two heavyweight vice chairs: Wilbur Ross, a former U.S. Commerce Secretary, and Gabriel Abed, a diplomat-turned-crypto strategist now chairing Binance’s board.
Reeve Collins, known for co-founding Tether, and former Blackstone executive Chinh Chu are also deeply involved. With Cantor Fitzgerald advising on the capital raise, expectations are high—even as market conditions remain volatile and final details are still being ironed out.
The plan would place this new entity in direct contrast with existing crypto treasury models that remain narrowly focused. While companies like ProCap BTC and SharpLink Gaming have made headlines for adding specific crypto assets to their reserves, none have yet attempted a diversified portfolio at this scale.
Interestingly, even before any official confirmation, investor attention has stirred. Shares of M3-Brigade dropped sharply following early reports but bounced back in pre-market trading—hinting at cautious optimism.
If executed, this move would bring a new level of institutional legitimacy to crypto treasuries, combining cross-sector experience in finance, blockchain infrastructure, and policy. It would also offer investors a new public-market gateway to crypto exposure—one that mirrors the decentralized ethos of the assets it plans to hold.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/wall-street-veterans-aim-to-launch-first-public-crypto-treasury-firm-with-1b-raise/