What to know:
- ReserveOne is about to make a grand entrance on the public stage with a $1 billion SPAC deal. 🎉
- Backed by the crypto A-list: Galaxy Digital, Kraken, Pantera Capital, Blockchain.com, and CC Capital. 🌟
- Helmed by Jamie Leverton, ex-CEO of Hut 8, with a basket of cryptos like bitcoin, ether, and solana. 🏆
ReserveOne, the new kid on the block in digital asset management, is making a bold move by going public through a $1 billion business combination with M3-Brigade Acquisition V Corp. (MBAV). Because why not, right? 🤷♀️
The deal comes with a hefty $297.7 million in SPAC trust capital and a whopping $750 million in PIPE commitments from the who’s who of the crypto world. It’s like a crypto prom, but with more money and less awkward dancing. 💃🕺
ReserveOne plans to hold a diversified portfolio, with bitcoin as the star of the show, and a supporting cast of ether (ETH), solana (SOL), and others. They’re not just sitting on their hands; they’re generating returns through institutional staking and lending strategies. 🏦💸
Coinbase will be the proud custodian of the platform’s secured BTC holdings. Because if you’re going to trust someone with your crypto, it might as well be the big dogs. 🐾
The firm is led by Jaime Leverton, former CEO of Hut 8, with ex-Coinbase Asset Management head Sebastian Bea as president. It’s like a crypto dream team. 🦸♂️🦸♀️
The board will include Tether co-founder Reeve Collins, former U.S. Commerce Secretary Wilbur Ross, and Coinbase’s John D’Agostino. Talk about a power squad. 💪
ReserveOne aims to bring transparency and yield-focused discipline to crypto investing, targeting institutions, family offices, and public market investors. Because who doesn’t love a bit of transparency and discipline in their crypto? 🤔
The combined company will trade under the ticker “RONE” after an expected Q4 close. Mark your calendars, folks! 🗓️
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2025-07-08 16:25