ReserveOne, a crypto treasury firm backed by notable firms Blockchain.com and KrakenFX, is set to go public via a SPAC deal valued at over $1 billion. The move aims to bridge digital assets and traditional finance, targeting institutional investors. Led by former Hut 8 CEO Jaime Leverton, the firm plans to manage a diverse cryptocurrency portfolio.
ReserveOne Goes Public
ReserveOne announced its plan to go public via a $1 billion merger with M3-Brigade Acquisition V Corp. today. The deal, backed by major players like Galaxy Digital, Kraken, and Pantera Capital, includes $750 million in committed capital. This includes $500 million in stock and warrants plus $250 million in convertible notes.
The merger aims to raise funds to expand the firm’s crypto holdings and enhance its technology. This positions ReserveOne as a leader in institutional crypto investment. The SPAC structure allows for faster market entry, giving the company quick access to capital markets.
The company will trade under the ticker “RONE” on Nasdaq after the deal closes in Q4. The move could attract more traditional investors to digital assets. ReserveOne’s leadership, including industry veteran Jaime Leverton, emphasizes transparency and regulatory adherence. The $1 billion deal could set a new standard for crypto treasury firms.
A Diverse Portfolio of Crypto Reserves
ReserveOne plans to maintain a mixed portfolio centered on Bitcoin, with additional holdings in Ethereum, Solana, XRP, and Cardano. This strategy aims to attract institutional investors seeking growth in digital assets. The firm will generate returns through staking and lending to increase investor yield.
By including altcoins like Solana and XRP, the firm broadens its market appeal. This approach mirrors the growing trend of corporate crypto adoption. The portfolio’s focus on Bitcoin ensures stability, while Ethereum and Solana offer innovation and scalability. XRP and Cardano add diversity, tapping into their unique blockchain strengths for payments and smart contracts.
ReserveOne’s reserves help institutions grow their assets and maintain cash flow. The company’s approach supports the proposed U.S. Strategic Bitcoin Reserve, making it more credible. This step could encourage other companies to add cryptocurrency to their finances. By going public and holding a diverse crypto portfolio, ReserveOne is set to lead the digital asset revolution.
