M3-Brigade Shares Fall on Merger with ReserveOne to Form Digital Asset Management Firm

M3-Brigade shares fell 6.7% to $10.88 after agreeing to merge with ReserveOne to form a digital asset management firm. The new firm will hold and manage bitcoin, Ethereum, and Solana. ReserveOne CEO Jaime Leverton, former CEO of Hut 8, will lead the company. The merger is expected to generate over $1 billion in gross proceeds and close in Q4.

M3-Brigade shares fell by 6.7% to $10.88 on July 2, 2025, following the announcement of its merger with ReserveOne. The new digital asset management firm, to be known as ReserveOne, will hold and manage a diversified portfolio of cryptocurrencies, including Bitcoin, Ethereum, and Solana. The merger, valued at over $1 billion, is expected to close in the fourth quarter of 2025.

ReserveOne will be led by Jaime Leverton, a seasoned industry veteran who previously served as CEO of Hut 8 and board member of Riot Platforms. Sebastian Bea, a former executive at Coinbase Asset Management and senior roles at global investment firms, will serve as President and Head of Investment at ReserveOne. The merger will bring together prominent investors, including Blockchain.com, CC Capital, FalconX, Galaxy Digital, Hivemind Capital, and others [1].

The transaction will provide over $1 billion in gross proceeds, including capital from M3-Brigade's trust account and committed capital from leading institutional investors. ReserveOne aims to set a new standard for regulated crypto investing, offering institutional-grade access to a diversified digital asset portfolio [1].

Upon closing, ReserveOne's shares and warrants will trade under the ticker symbol "RONE" and "RONEW," respectively. The merger is expected to accelerate ReserveOne's growth and strategy, solidifying its position as a category-defining platform in the digital asset ecosystem. The new firm's board of directors will include industry veterans with deep experience across digital assets and traditional markets [1].

ReserveOne's strategic reserve and yield-focused strategy are designed to set a new standard for digital financial innovation, aiming to responsibly unlock shareholder value and integrate digital assets into mainstream portfolios. The merger underscores the growing importance of digital assets in global finance and the need for transparent, regulated platforms [1].

References:
[1] https://www.globenewswire.com/news-release/2025/07/08/3111629/0/en/ReserveOne-Sets-Out-to-Build-the-Digital-Reserve-of-the-Future.html