ReserveOne to go public via merger, create crypto reserve
RerserveOne is headed by Jaime Leverton, who has been involved with Bitcoin mining companies Hut 8 and Riot Platforms.
ReserveOne, a digital asset management company, will go public through a merger with M3-Brigade Acquisition V Corp., the company announced on Tuesday.
The transaction is expected to generate more than $1 billion in gross proceeds that will back up the companies’ crypto reserve strategy through the accumulation of Bitcoin (BTC), Ether (ETH), and Solana (SOL), among other digital assets.
“By moving towards a public listing, we’re reinforcing our commitment to responsible innovation, financial inclusion, and the development of a more resilient, transparent market for digital assets,” Jaime Leverton, CEO of ReserveOne, said in a statement.