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ReserveOne Plans to Establish Cryptocurrency Reserves Exceeding $1 Billion
Summary: According to reports, digital asset management company ReserveOne Inc. announced today that it has reached a final business merger 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 like Ethereum, Solana, etc., with staking and lending ...
According to reports, digital asset management company ReserveOne Inc. announced today that it has reached a final business merger 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 like Ethereum, Solana, etc., with staking and lending potential, offering asset appreciation services to institutional investors. This transaction is expected to bring ReserveOne over $1 billion in financing to support the establishment of cryptocurrency reserves, including approximately $298 million in trust funds (assuming no redemptions) and $750 million in PIPE financing, including $500 million in common stock and warrants, $250 million in convertible bonds. Institutions such as Blockchain.com, Galaxy Digital, Kraken, Pantera Capital, ParaFi Capital, among others, will participate. (GlobeNewswire)
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Link: ReserveOne Plans to Establish Cryptocurrency Reserves Exceeding $1 Billion [Copy]
