ReserveOne To Pursue $1B Nasdaq Listing Via SPAC Merger

The digital asset firm moves closer to a Nasdaq debut through its proposed merger with M3-Brigade Acquisition V Corp.

Written By:
Manmit Kahlon

Reviewed By:
Gopal Solanky

Reserveone To Pursue $1B Nasdaq Listing Via Spac Merger

ReserveOne, a digital asset holding and management company, has announced that it has confidentially filed a draft statement on Form S-4 with the U.S. Securities and Exchange Commission (SEC).

In an official press release, the company stated that it has filed the Form S-4 as part of its proposed merger with M3-Brigade Acquisition V Corp, a special-purpose acquisition company. The company first announced listing plans in July 2025, to raise over $1 billion through the merger. 

“ReserveOne will hold and manage a diverse basket of cryptocurrencies anchored with Bitcoin, and including Ethereum, Solana, and others, with the potential for yield generation through institutional staking and lending,” the company shared in a statement in July. 

ReserveOne also said before that Jaime Leverton would be in charge. He was the CEO of Hut 8, one of the notable Bitcoin mining firms. Sebastian Bea, who used to be responsible for Coinbase Asset Management, would be the President and Head of Investment. Their combined expertise in crypto mining, treasury management, and institutional investing positions are expected to help the firm in their strategic growth plan. 

Following onto the U.S. Strategic Bitcoin Reserve

The firm stated that its inspiration came from the concept of the U.S. Strategic Bitcoin Reserve. It now wants to do the same thing by offering a professionally managed digital asset fund that lasts for a long time. 

Funded by the US Treasury’s forfeited Bitcoin, the U.S. President Donald Trump signed an executive order to create the Strategic Bitcoin Reserve in March. It will be a permanent reserved asset for the US government. The United States is the largest known state holder of Bitcoin (BTC) in the world, estimated to hold about 198,000 BTC, as of August 2025. 

Subject to completion of the SEC review process and satisfaction of customary closing conditions, including the approval of M3-Brigade’s shareholders, ReserveOne is expected to be listed on Nasdaq by the end of 2025. The company will use the ticker symbol “RONE” once the transaction is completed. 

Also Read: OranjeBTC Becomes Brazil’s Top Bitcoin Holder with $385M Purchase


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Manmit Kaur Kahlon is a crypto journalist covering market updates, industry developments, and the politics shaping the digital asset space. With 2 years of experience in reporting and content writing, she specializes in simplifying complex trends and delivering timely insights for readers following the fast-evolving world of cryptocurrencies.
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Gopal Solanky is a Research Analyst and Writer with over 5 years of experience in DeFi, blockchain, crypto, IT, and financial markets. With a Bachelor's in Computer Applications, he brings a strong technical foundation to his analysis and reporting. Gopal focuses on breaking down complex topics for both seasoned investors and curious readers. His work has been referenced by publications like Business Insider and Vulture.com, highlighting his contributions to industry stories around topics like Huwak Tuah Memecoin and the FTX collapse.