ReserveOne, a new crypto holding company, shared in a press release on Tuesday that it will go public through a merger with blank-check firm M3-Brigade Acquisition V Corp. The deal aims to raise over $1 billion and will allow ReserveOne to trade on the Nasdaq stock exchange under the symbol ‘RONE’. The $1 billion raise is expected to be completed in the last quarter of 2025 if everything goes as planned.
The funds will come from two main places: About $297.7 million is from funds already held in M3-Brigade’s account. The other $750 million will come from private investors in the crypto industry. These include well-known names like Kraken, Galaxy Digital, Blockchain.com, Pantera Capital, and others.
ReserveOne plans to use the fund to create a strategic reserve that will include major cryptocurrencies, including Bitcoin, Ethereum, Ripple’s XRP, and Solana. The company will try to earn yield not just by holding these assets but also by using methods like staking and lending them out to other institutions. Staking means locking up digital coins to help keep the network running and, in return, earning rewards.
Coinbase, one of the biggest crypto exchanges in the world, will serve as the custodian for its Bitcoin holdings and provide secure storage. The company says it wants to give professional and safe access to crypto investing for big investors like institutions, wealthy families, and people who want a trusted way to invest in digital assets.
The company is led by Jaime Leverton, who used to be the CEO of Hut 8, a well-known crypto mining company, and Sebastian Bea as President, who previously held roles at Coinbase Asset Management and BlackRock. Meanwhile, the board includes high-profile names like Reeve Collins, co-founder of Tether, Wilbur Ross, a former U.S. Commerce Secretary, and John D’Agostino from Coinbase.
“This announcement marks a pivotal moment for the digital asset ecosystem,” Jaime Leverton, CEO of ReserveOne said in the press release. “By moving towards a public listing, we’re reinforcing our commitment to responsible innovation and the development of a more transparent market for digital assets.”
Further, ReserveOne says it was inspired by the idea of a U.S. Strategic Bitcoin Reserve. It now wants to mirror that approach by offering a long-term, professionally managed digital asset fund.
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