ReserveOne adds crypto insiders and ex-Trump official to board
The post ReserveOne adds crypto insiders and ex-Trump official to board appeared on BitcoinEthereumNews.com. ReserveOne, a new crypto startup backed by big names from both traditional finance and Washington, plans to go public on the Nasdaq through a deal with M3-Brigade Acquisition V Corp, a blank-check firm listed under MBAV.O, according to Reuters. The merger is expected to close sometime between October and December this year, and the company is aiming to raise over $1 billion in the process. The company says it will manage a crypto portfolio that includes bitcoin, ethereum, and Solana, and plans to align its strategy with the U.S. strategic crypto reserve. The entire push is part of a broader effort to package crypto into equity to make it more appealing to institutional investors. The idea isn’t new. Michael Saylor’s company, MicroStrategy, did something similar in 2020 when it switched to a bitcoin-centered model and saw its stock price explode. ReserveOne is following that same model but throwing in more firepower from the top. ReserveOne adds crypto insiders and ex-Trump official to board Jaime Leverton, who previously ran crypto mining company Hut 8, is leading ReserveOne as CEO. Jaime said the firm’s upper-level team stands out because of its deep ties to finance, regulation, and crypto. “Our management team and anticipated board of directors bring a really unique pedigree and diversity of background between Wall Street and regulatory and crypto,” she told Reuters. Sebastian Bea, who previously held senior roles at BlackRock and Coinbase Asset Management, will take over as president and lead investment strategy. The board will be chaired by Reeve Collins, one of the co-founders of Tether, the largest stablecoin company. It’ll also include Chinh Chu, formerly at Blackstone, and Wilbur Ross, the former U.S. Secretary of Commerce under President Donald Trump. Jaime said Wilbur was skeptical of crypto at first but “over the last number of months,…
The post ReserveOne adds crypto insiders and ex-Trump official to board appeared on BitcoinEthereumNews.com.
ReserveOne, a new crypto startup backed by big names from both traditional finance and Washington, plans to go public on the Nasdaq through a deal with M3-Brigade Acquisition V Corp, a blank-check firm listed under MBAV.O, according to Reuters. The merger is expected to close sometime between October and December this year, and the company is aiming to raise over $1 billion in the process. The company says it will manage a crypto portfolio that includes bitcoin, ethereum, and Solana, and plans to align its strategy with the U.S. strategic crypto reserve. The entire push is part of a broader effort to package crypto into equity to make it more appealing to institutional investors. The idea isn’t new. Michael Saylor’s company, MicroStrategy, did something similar in 2020 when it switched to a bitcoin-centered model and saw its stock price explode. ReserveOne is following that same model but throwing in more firepower from the top. ReserveOne adds crypto insiders and ex-Trump official to board Jaime Leverton, who previously ran crypto mining company Hut 8, is leading ReserveOne as CEO. Jaime said the firm’s upper-level team stands out because of its deep ties to finance, regulation, and crypto. “Our management team and anticipated board of directors bring a really unique pedigree and diversity of background between Wall Street and regulatory and crypto,” she told Reuters. Sebastian Bea, who previously held senior roles at BlackRock and Coinbase Asset Management, will take over as president and lead investment strategy. The board will be chaired by Reeve Collins, one of the co-founders of Tether, the largest stablecoin company. It’ll also include Chinh Chu, formerly at Blackstone, and Wilbur Ross, the former U.S. Secretary of Commerce under President Donald Trump. Jaime said Wilbur was skeptical of crypto at first but “over the last number of months,…
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