The digital asset management company ReserveOne Inc. recently announced the final business merger agreement with the Nasdaq-listed SPAC M3-Brigade Acquisition V Corp. The deal aims to raise and manage a basket of cryptocurrencies with a focus on Bitcoin, as well as include other assets such as Ethereum, Solana and other coins with potential for generating income through staking and lending.
The transaction is expected to help ReserveOne raise over 1 billion USD to establish a cryptocurrency reserve fund. Specifically, the planned capital includes approximately 298 million USD from the trust fund (in case no shareholders withdraw funds) and 750 million USD through PIPE (Private Investment in Public Equity). This PIPE includes 500 million USD from common stock and stock purchase rights, along with 250 million USD from convertible bonds.
The deal attracts attention with the participation of several major investment organizations in the cryptocurrency industry such as Blockchain.com, Galaxy Digital, Kraken, Pantera Capital and ParaFi Capital. With abundant capital, ReserveOne aims to optimize digital asset value through value-added services for institutional investors, while building a large-scale cryptocurrency asset reserve fund, contributing to promoting stability and sustainable development for the crypto market in the long term.
