ReserveOne’s $1 billion SPAC deal to go public exemplifies the wider surge in popularity of crypto-reserve companies since 2024, positioning crypto-reserve firms as public-market proxies for direct cryptocurrency exposure even as their share prices remain susceptible to broader market volatility

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Crypto reserve companies have become more popular since 2024, driving attention and more credibility to the space. Companies also betting on crypto reserves include Michael Saylor’s Strategy, Metaplanet, Semler Scientific, SOL Strategies and DeFi Development Corp, among several others. Crypto reserve firms are often viewed as proxies for direct cryptocurrency investment, offering exposure to digital assets without requiring investors to buy or hold the tokens themselves. However, this indirect exposure can make their share prices susceptible to volatility that mirrors the broader crypto market.