ReserveOne, backed by crypto heavyweights, set to raise over $1 billion in Nasdaq listing

Description

ReserveOne, backed by major crypto players and former U.S. officials, aims to raise over $1B through a Nasdaq SPAC deal to create a strategic digital asset reserve.

Publish date

July 9, 2025

Publisher

Reuters

Web URL

https://www.reuters.com/business/reserveone-backed-by-crypto-heavyweights-set-raise-over-1-billion-nasdaq-listing-2025-07-08

Referenced by

ReserveOne to go public with $1B crypto reserve

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Sebastian Bea, a former executive at asset managers BlackRock (BLK.N), opens new tab and Coinbase Asset Management (COIN.O), opens new tab , will serve as ReserveOne's president and head of investment. Its board will be chaired by stablecoin giant Tether's co-founder Reeve Collins and will include former Blackstone (BX.N), opens new tab dealmaker Chinh Chu and Wilbur Ross, the Secretary of Commerce in the first Trump administration.

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Quote

July 8 (Reuters) - ReserveOne, a new crypto venture with ties to industry veterans and a former U.S. commerce secretary, will list on the Nasdaq through a merger with blank-check firm M3-Brigade Acquisition V Corp (MBAV.O), opens new tab and is expected to raise more than $1 billion.

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