Former Blackstone Exec Partners with Tether to Raise $1 billion to Build a Listed Crypto Asset Reserve Company
2025-06-25 16:41:04
According to Bloomberg, former Blackstone executives and Tether co-founders are working together to raise $1 billion through SPAC firm M3-Brigade Acquisition V Corp., which plans to create a publicly traded cryptoasset reserve company. The platform plans to hold a diversified portfolio of digital assets such as Bitcoin, Ethereum and Solana. According to people familiar with the matter, the fundraising is still in progress and the relevant details have not been finalized.
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