ReserveOne, a newly established digital asset management company, will conduct a public offering through a combination of $1 billion in M3-Brigade Abagisition V Corp. (MBAV),,,,, The two companies announced on Tuesday.
The deal includes $297.7 million in SPAC Trust Capital and $750 million in pipeline commitments, including Galaxy Digital, Kraken, Pantera Capital, Blockchain.com and CC Capital, including Galaxy Digital, including Galaxy Digital.
Reserve plans to hold diversified portfolio anchored by Bitcoin
and include ether (ETH)Solana (Sol) and others, through institutional placement and loan strategies.
Coinbase will host the BTC holdings obtained by the platform.
The company is led by Jaime Leverton, former CEO of HUT 8, and Sebastian Bea, former head of asset management at Coinbase.
The board will include Tether co-founder Reeve Collins, former U.S. Commerce Secretary Wilbur Ross and Coinbase’s John D’Agostino.
ReserveOne aims to bring transparency and earnings-oriented discipline to cryptocurrency investments while targeting institutions, home offices and public market investors.
The combined company will trade under the stock “Rone” after the expected fourth quarter closure.
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