Digital Asset Management Firm ReserveOne Goes Public via $1 Billion SPAC Deal

ReserveOne Inc., a newly formed digital asset management firm inspired by the proposed U.S. Strategic Bitcoin Reserve and Digital Asset Stockpile, has reached a definitive business combination agreement with M3-Brigade Acquisition V Corp. (NASDAQ: MBAVU, MBAV, MBAVW) in a transaction valued at more than $1 billion, the company announced in a statement on Tuesday.

The deal positions ReserveOne to become the first publicly traded company specifically designed to mirror a strategic national digital asset reserve, holding and managing a diversified cryptocurrency portfolio anchored by Bitcoin and including Ethereum, Solana, and other digital assets with yield generation potential through institutional staking and lending.

Major Institutional Backing

The transaction is expected to provide more than $1 billion in gross proceeds, including up to approximately $297.7 million from M3-Brigade's trust account and $750 million in committed capital from leading institutional investors through PIPE offerings. The PIPE component consists of $500 million in common equity and warrants, plus $250 million in convertible notes.

The institutional backing includes participation from prominent strategic investors: Blockchain.com, CC Capital, FalconX, Galaxy Digital, Hivemind Capital, Kraken, Mantle, Monarq Asset Management, Origin Protocol, Pantera Capital, ParaFi Capital, and Republic Digital.

"This announcement marks a pivotal moment for the digital asset ecosystem as a whole," said Jaime Leverton, CEO of ReserveOne. "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."

Veteran Leadership Team

Leverton is an industry veteran who previously served as CEO of Hut 8, the first publicly traded company to hold Bitcoin on its balance sheet. She also serves as a board member of Riot Platforms, Synteq Digital, New West Data, and Vertical Data.

Sebastian Bea will serve as president and head of investment, bringing deep expertise at the intersection of traditional finance and digital assets. He previously led Coinbase Asset Management and has held senior roles at global investment firms including CSFB and BlackRock, with more than two decades of experience in institutional markets.

The board of directors will include executive chairman Reeve Collins, co-founder of Tether and CEO of M3-Brigade; Wilbur Ross, former U.S. Secretary of Commerce; Gabriel Abed, chairman of Binance; Chinh Chu, founder and senior managing director of CC Capital; and John D'Agostino, Coinbase head of strategy - institutional.

Strategic Partnerships and Market Positioning

ReserveOne said the platform is designed for a wide range of investors, including institutional funds, family offices, and individual investors, aiming to provide the same level of accessibility, transparency, oversight, and confidence that comes with public market companies.

"ReserveOne is driven by the conviction that Bitcoin and digital assets will shape global finance," said Reeve Collins, CEO of M3-Brigade. "As a public company, ReserveOne aims to lead with a strategic reserve, responsibly unlocking shareholder value and setting the standard for digital financial innovation."

The company plans to manage a diversified portfolio of cryptocurrencies and digital assets, generating additional yield through allocating a portion of its assets to staking, protocol involvement, and venture participation in blockchain infrastructure.

ReserveOne has secured strategic partnerships with Galaxy Digital (Asset Management & Markets), FalconX, Monarq Asset Management, and Kraken. Coinbase will serve as the custodian for ReserveOne's secured Bitcoin holdings, providing institutional-grade security for the company's digital asset portfolio.