ReserveOne, a cryptocurrency holding company backed by industry veterans, including former executives from Coinbase and Tether as well as a former U.S. commerce secretary, is set to go public through a merger with the blank-check firm M3-Brigade Acquisition V Corp. The deal, expected to raise over $1 billion, will list ReserveOne on the Nasdaq. The firm plans to manage a crypto treasury portfolio led by Bitcoin and including Ethereum, Solana, XRP, and Cardano. ReserveOne's public offering aligns with a strategic U.S. initiative to establish a crypto treasury, positioning the company as a significant player in the digital asset space.
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TON FOUNDATION AND KINGSWAY CAPITAL PARTNERS SEEK TO RAISE $400M FOR $TON TREASURY COMPANY