ReserveOne Plans to Launch Over $1 Billion Bitcoin-Dominated Digital Asset Reserve

According to Jinse Finance, digital asset management firm ReserveOne Inc. announced today that it has reached a definitive business combination agreement with Nasdaq-listed SPAC company M3-Brigade Acquisition V Corp. ReserveOne plans to hold and manage a diversified basket of crypto assets, with Bitcoin at its core, and including assets such as Ethereum and Solana that offer staking and lending yield potential, providing asset appreciation services for institutional investors. The transaction is expected to bring ReserveOne over $1 billion in financing, including approximately $298 million in trust funds (assuming no redemptions) and $750 million in PIPE financing, which consists of $500 million in common stock and warrants, and $250 million in convertible bonds. Strategic investors participating in this round of financing include: an exchange, Galaxy Digital, another exchange, Pantera Capital, ParaFi Capital, and other institutions. Upon completion of the transaction, ReserveOne plans to list on Nasdaq.