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 that have 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 $1.0 billion in financing to support the establishment of its cryptocurrency reserves, including approximately $298.0 million in trust funds (assuming no redemption) and $750.0 million in PIPE financing, including $500.0 million in common stock and warrants, and $250.0 million in convertible bonds. Institutions such as Blockchain.com, Galaxy Digital, Kraken, Pantera Capital, and ParaFi Capital will participate in the investment. (GlobeNewswire) [Odaily Planet Daily]
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 that have 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 $1.0 billion in financing to support the establishment of its cryptocurrency reserves, including approximately $298.0 million in trust funds (assuming no redemption) and $750.0 million in PIPE financing, including $500.0 million in common stock and warrants, and $250.0 million in convertible bonds. Institutions such as Blockchain.com, Galaxy Digital, Kraken, Pantera Capital, and ParaFi Capital will participate in the investment. (GlobeNewswire) [Odaily Planet Daily]