ReserveOne Builds Wall Street-Blockchain Bridge via SPAC Merger

ReserveOne, a digital asset management company, has taken a significant step toward its public listing by confidentially submitting a draft registration statement on Form S-4 with the U.S. Securities and Exchange Commission (SEC) ReserveOne Announces Confidential Submission of Draft^[1]. The filing is part of a proposed business combination with M3-Brigade Acquisition V Corp. (NASDAQ: MBAVU, MBAV, MBAVW), a special purpose acquisition company (SPAC). Upon completion of the transaction, ReserveOne Holdings, Inc. (Pubco) is expected to list on Nasdaq under the ticker symbol “RONE” ReserveOne to Launch $1 Billion Bitcoin-Dominated …^[4]. The proposed merger, announced in July 2025, aims to establish a diversified digital asset treasury strategy, aligning with the U.S. Strategic Bitcoin Reserve framework ReserveOne (MBAV) Is the Latest Digital Asset …^[6].

The transaction is projected to raise over $1 billion in gross proceeds, combining $297.7 million from M3-Brigade’s trust account (assuming no shareholder redemptions) and $750 million in commitments from institutional investors ReserveOne (MBAV) Is the Latest Digital Asset …^[6]. Strategic participants include Blockchain.com, Galaxy Digital, Kraken, Pantera Capital, and CC Capital, which contributed through equity and convertible debt offerings ReserveOne to Launch Crypto Treasury, Go Public in …^[5]. This capital infusion is intended to accelerate ReserveOne’s growth and solidify its position in the digital asset ecosystem. The company plans to hold a portfolio anchored by Bitcoin, Ethereum, and Solana, with additional yield generation through institutional staking and lending .

ReserveOne’s leadership team includes Jaime Leverton, former CEO of Hut 8, as CEO, and Sebastian Bea, ex-Coinbase Asset Management executive, as President and Head of Investment ReserveOne to Launch Crypto Treasury, Go Public in …^[5]. The board will feature industry veterans such as Tether co-founder Reeve Collins, former U.S. Secretary of Commerce Wilbur Ross, and Coinbase’s John D’Agostino ReserveOne (MBAV) Is the Latest Digital Asset …^[6]. Leverton emphasized the firm’s focus on transparency and regulatory alignment, stating the merger reinforces its commitment to bridging traditional finance with digital innovation . The company’s strategy also involves custodial partnerships, including Coinbase for Bitcoin holdings, to ensure institutional-grade security and compliance .

The SPAC merger requires shareholder approval and customary closing conditions, with an anticipated Q4 2025 completion ReserveOne (MBAV) Is the Latest Digital Asset …^[6]. Post-merger, ReserveOne’s shares and warrants will trade under the “RONE” ticker. The proxy statement/prospectus, which will detail the transaction, is expected to be filed with the SEC and made available to M3-Brigade shareholders for review ReserveOne Announces Confidential Submission of Draft^[1]. Risks associated with the deal include regulatory uncertainties, market volatility in cryptocurrencies, and challenges in executing the proposed business plan, as outlined in the forward-looking statements by the companies ReserveOne Announces Confidential Submission of Draft^[1].

The move reflects growing institutional interest in digital assets, with ReserveOne positioning itself to offer investors exposure to a diversified crypto portfolio alongside yield opportunities. By leveraging the SPAC structure, the firm aims to address the demand for regulated, transparent investment vehicles in the evolving crypto market . The transaction underscores the broader trend of integrating digital assets into mainstream financial frameworks, with ReserveOne’s management highlighting its potential to set a new standard for institutional-grade crypto investing ReserveOne (MBAV) Is the Latest Digital Asset …^[6].