ReserveOne Plans to Launch a Digital Asset Reserve Led by Over $1 Billion in Bitcoin
On July 8, according to GlobeNewswire, digital asset management company ReserveOne Inc. announced today that it has reached a final business combination agreement with M3-Brigade Acquisition V Corp., a Nasdaq-listed SPAC company, planning 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 conduct asset appreciation services for institutional investors.
The transaction is expected to bring ReserveOne over $1.0 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. [BlockBeats]
ReserveOne Plans to Launch a Digital Asset Reserve Led by Over $1 Billion in Bitcoin
On July 8, according to GlobeNewswire, digital asset management company ReserveOne Inc. announced today that it has reached a final business combination agreement with M3-Brigade Acquisition V Corp., a Nasdaq-listed SPAC company, planning 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 conduct asset appreciation services for institutional investors.
The transaction is expected to bring ReserveOne over $1.0 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. [BlockBeats]
