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ReserveOne plans to build a cryptocurrency reserve of over $1 billion
Odaily News ReserveOne Inc., a digital asset management company, announced today that it has reached a final business merger agreement with M3-Brigade Acquisition V Corp., a Nasdaq-listed SPAC company, to hold and manage a basket of crypto assets, with Bitcoin as the core, covering Ethereum, Solana and other assets with pledge and lending income potential, and provide asset value-added services to institutional investors. The transaction is expected to bring more than $1 billion in financing to ReserveOne to support its establishment of cryptocurrency reserves, 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. Blockchain.com, Galaxy Digital, Kraken, Pantera Capital, ParaFi Capital and other institutions will participate in the investment. (GlobeNewswire)
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