ReserveOne, an established digital asset management firm, has announced plans to go public through a business combination with M3-Brigade Acquisition V Corp. This transaction, valued at over $1 billion, will allow ReserveOne to launch a diversified cryptocurrency treasury, primarily focused on Bitcoin, Ethereum, and Solana.
ReserveOne $1 Billion Business Combination
The deal, which will be executed through a special purpose acquisition company (SPAC), is expected to raise more than $1 billion. This includes up to $297.7 million from M3-Brigade’s trust account, assuming no redemptions.
In addition, ReserveOne has secured an aggregate of $750 million in capital from institutional investors through private investments in public equity (PIPE) offerings. These offerings consist of both common equity and warrants, as well as convertible notes.
The PIPE investors include some of the most prominent names in the cryptocurrency space, such as Blockchain.com, Kraken, Galaxy Digital, and Pantera Capital. This capital is expected to fuel ReserveOne’s growth strategy, helping it establish a strong position in the rapidly expanding digital asset management sector.
ReserveOne Bitcoin Treasury and Leadership
The business model of ReserveOne will be based around the management of a wide range of cryptocurrency products, with Bitcoin being the foundation of the portfolio. The company will also have Ethereum, XRP, Solana, and other cryptocurrencies in the portfolio. By using institutional staking and lending, ReserveOne will achieve returns on its investments, providing a more focused approach on yield to cryptocurrency investment.
The company’s leadership is a significant factor in its potential for success. CEO Jaime Leverton, who previously served as the CEO of Hut 8, a crypto mining company, will lead ReserveOne.
Sebastian Bea, former head of Coinbase Asset Management, will serve as the company’s President and Head of Investment.
Board and Investor Support
ReserveOne’s board will include Reeve Collins, co-founder of stablecoin issuer Tether, and Wilbur Ross, former U.S. Secretary of Commerce. The board also includes industry veterans from Coinbase and other established firms.
Notably, Tether Co-founder Reeve Collins, along with former Blackstone executive Chinh Chu, are reportedly planning to raise up to $1 billion through a SPAC to establish a crypto treasury.
This fund will focus on diverse digital assets, including Bitcoin, Ethereum, and Solana, and will complement ReserveOne’s strategy of managing a diversified portfolio.
Expected Listing and Plans
Once the transaction is successfully completed, anticipated to be completed in the fourth quarter of 2025, the merged business will trade on the Nasdaq as RONE.
This is a major milestone in the ReserveOne evolution into a publicly traded company, presenting new investment opportunities to have exposure to a diversified portfolio of cryptocurrencies.
Consequently, this decision to go public will help to establish a new benchmark in institutional investment in crypto and generating yield. Combinations of disciplined method of digital asset management and leadership strategy well-position the company to capitalize on the increasing demand of legally regulated and transparent crypto investment services.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Source: https://coingape.com/reserveone-to-launch-bitcoin-treasury-go-public-after-1b-deal/