On July 8, according to GlobeNewswire, digital asset management company ReserveOne Inc. announced today that it has reached a final business combination agreement with Nasdaq-listed SPAC company M3-Brigade Acquisition V Corp. The plan is to hold and manage a basket of crypto assets, with Bitcoin as the core, covering assets such as Ethereum and Solana with the potential for staking and lending income, and to carry out asset appreciation services for institutional investors.

The transaction is expected to bring ReserveOne over $1 billion in financing, including approximately $298.00 million in trust funds (assuming no redemptions) and $750.00 million in PIPE financing, including $500.00 million in common stock and warrants, and $250.00 million in convertible bonds.

Strategic investors participating in this round of financing include institutions such as Blockchain.com, Galaxy Digital, Kraken, Pantera Capital, and ParaFi Capital. Upon completion of the transaction, ReserveOne plans to list on Nasdaq.