ReserveOne Files S-4 with SEC for $1B Nasdaq Listing Amid Crypto Treasury Expansion

ReserveOne, a crypto treasury firm, has filed a confidential draft Form S-4 with the SEC for a proposed $1 billion Nasdaq listing. The filing is tied to its planned SPAC merger with M3-Brigade Acquisition V Corp. If approved, the combined entity will trade under the ticker symbol "RONE." ReserveOne plans to use the capital generated from the merger to fund its crypto reserve, which will hold a diverse selection of cryptocurrencies and take advantage of passive yield opportunities through institutional-grade staking and lending.

Crypto asset management firm ReserveOne has taken a significant step towards public market entry by filing a confidential draft of Form S-4 with the U.S. Securities and Exchange Commission (SEC). This filing is part of the firm's plan to go public through a merger with M3-Brigade Acquisition V Corp. (MBAV), a special purpose acquisition company (SPAC). The merger, first revealed in July, is expected to raise over $1 billion and lead to a Nasdaq listing under the ticker symbol "RONE" Crypto Asset Manager ReserveOne Files for $1B Merger with M3-Brigade SPAC^[1].

ReserveOne, modeled after the U.S. Strategic Bitcoin Reserve, aims to offer investors exposure to a diversified crypto portfolio through a publicly traded equity. The firm plans to manage a digital asset treasury anchored by Bitcoin, Ethereum, and Solana, generating yield through institutional staking and lending strategies Crypto Asset Manager ReserveOne Files for $1B Merger with M3-Brigade SPAC^[1]. The leadership team includes Jaime Leverton, former CEO of Hut 8, as CEO, and Sebastian Bea, who previously ran Coinbase Asset Management, as President and Head of Investment ReserveOne Builds Wall Street-Blockchain Bridge via ...^[2].

The merger with M3-Brigade is part of a broader trend of digital asset firms seeking public market entry without the standard initial public offering (IPO) route. The $1 billion figure signals growing institutional confidence in structured crypto investment products. This trend is further evidenced by recent crypto IPOs, such as BitGo, Circle, and Gemini Crypto Asset Manager ReserveOne Files for $1B Merger with M3-Brigade SPAC^[1].

ReserveOne's strategy involves custodial partnerships, including Coinbase for Bitcoin holdings, to ensure institutional-grade security and compliance. The company aims to bridge traditional finance with digital innovation, offering investors exposure to a diversified crypto portfolio alongside yield opportunities ReserveOne Builds Wall Street-Blockchain Bridge via ...^[2].

The SPAC merger requires shareholder approval and customary closing conditions, with an anticipated Q4 2025 completion. Post-merger, ReserveOne's shares and warrants will trade under the "RONE" ticker. The proxy statement/prospectus, detailing the transaction, is expected to be filed with the SEC and made available to M3-Brigade shareholders for review ReserveOne Builds Wall Street-Blockchain Bridge via ...^[2].

Risks associated with the deal include regulatory uncertainties, market volatility in cryptocurrencies, and challenges in executing the proposed business plan. However, the move reflects growing institutional interest in digital assets, positioning ReserveOne to offer investors exposure to a diversified crypto portfolio alongside yield opportunities ReserveOne Builds Wall Street-Blockchain Bridge via ...^[2].