Digital asset management company ReserveOne Inc. announced today that it has reached a final business merger agreement with Nasdaq-listed SPAC company M3-Brigade Acquisition V Corp., planning to hold and manage a basket of crypto assets, with Bitcoin as the core, covering Ethereum, Solana and other assets with potential for pledge and borrowing income, and providing asset appreciation services for institutional investors.
The transaction is expected to raise more than $1 billion for ReserveOne, including approximately $298 million in trust funds (assuming no redemption) and $750 million in PIPE financing, including $500 million in common stock and warrants, and $250 million in convertible bonds.
Strategic investors participating in this round of financing include: Blockchain.com, Galaxy Digital, Kraken, Pantera Capital, ParaFi Capital and other institutions. After the transaction is completed, ReserveOne plans to list on Nasdaq.
ReserveOne Plans to Launch Over $1 billion Bitcoin-Dominated Digital Asset Reserve
2025-07-08 11:57:19
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