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ReserveOne Secures $1 Billion SPAC Deal With M3-Brigade for Nasdaq Listing

The firm has secured $750 million in PIPE commitments alongside $297.7 million in SPAC trust capital to back a diversified cryptocurrency portfolio.

People walk outside the Nasdaq Marketsite in New York City, U.S., April 3, 2025.  REUTERS/Brendan McDermid/File Photo

Overview

  • ReserveOne’s merger with M3-Brigade includes $297.7 million in trust capital and $750 million in commitments from investors such as Blockchain.com, Kraken and Galaxy Digital.
  • It will manage a diversified portfolio anchored by bitcoin, ethereum and Solana, using staking and lending strategies to generate institutional-grade returns.
  • Leadership comprises CEO Jaime Leverton, President Sebastian Bea, board chair Reeve Collins and board member Wilbur Ross.
  • Coinbase has been appointed custodian for the platform’s secured bitcoin holdings under ReserveOne’s regulated framework.
  • Subject to a planned fourth-quarter closing, the combined entity will begin trading on Nasdaq under the ticker RONE.