ReserveOne To Launch Bitcoin Treasury, Go Public After $1B Deal
The post ReserveOne To Launch Bitcoin Treasury, Go Public After $1B Deal appeared on BitcoinEthereumNews.com. 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…
The post ReserveOne To Launch Bitcoin Treasury, Go Public After $1B Deal appeared on BitcoinEthereumNews.com.
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…
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