ReserveOne, a company that manages digital assets, announced on Tuesday that it plans to go public by merging with M3-Brigade Acquisition V Corp.
This deal is expected to bring in over $1 billion, which will support ReserveOne’s plan to build a strong crypto reserve. The company aims to buy and hold major cryptocurrencies like Bitcoin, Ethereum, and Solana, among others.
Jaime Leverton, a well-known figure in the crypto world, She was the CEO of Bitcoin mining company Hut 8 for three years and now serves on the board of Riot Platforms, another big name in Bitcoin mining.
“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
What is M3-Brigade?
M3-Brigade is a team formed by M3 Partners and Brigade Capital Management. They work in a part of the market called Special Purpose Acquisition Companies (SPACs), where companies go public by merging with another company instead of doing a regular IPO.
They’ve already helped other companies like Greenfire Resources and Infrastructure and Energy Alternatives go public using this method.
Once the merger with ReserveOne is finished, the new company will be listed on the Nasdaq stock exchange under two ticker symbols: RONE and RONEW. The deal is expected to be completed by the end of 2025.
Since 2024, crypto reserve companies have become more popular. This has brought more attention and trust to the idea of holding cryptocurrencies as part of a company’s strategy. Some well-known firms investing in crypto reserves include Michael Saylor’s Strategy, Metaplanet, Semler Scientific, SOL Strategies, and DeFi Development Corp, among others.
These companies are seen as an easier way for people to get exposure to cryptocurrencies without actually buying or storing the coins themselves. But there’s a catch: because their business is tied to the crypto market, their stock prices can still swing wildly when crypto prices go up or down.
