ReserveOne plans to build a cryptocurrency reserve of over $1 billion
Odaily News ReserveOne Inc., a digital asset management company, announced today that it has reached a final business merger agreement with M3-Brigade Acquisition V Corp., a Nasdaq-listed SPAC company, to hold and manage a basket of crypto assets, with Bitcoin as the core, covering Ethereum, Solana and other assets with pledge and lending income potential, and provide asset value-added services to institutional investors. The transaction is expected to bring more than $1 billion in financing to ReserveOne to support its establishment of cryptocurrency reserves, including approximately $298 million in trust funds (assuming no redemption) and $750 million in PIPE financing, including $500 million in common stock and warrants, and $250 million in convertible bonds. Blockchain.com, Galaxy Digital, Kraken, Pantera Capital, ParaFi Capital and other institutions will participate in the investment. (GlobeNewswire)
You may also like
Gainers
Latest Crypto News
TRON Foundation has released java-tron v4.8.1 (Democritus) pre-release version, and the Nile Testnet mandatory upgrade has officially started.
Yala: All native BTC under the custodian model will be removed from the protocol, shifting towards an AI-driven smart body prediction direction in the future
CME Data Center Outage Affects Trillion-Dollar Contracts
BNB Treasury Company CEA Industries Appoints Crypto Asset Expert Annemarie Tierney as Director
CME EBS Market will open at 8:00 PM
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]