ReserveOne to Go Public via $1 Billion SPAC Merger

ReserveOne, a digital asset management company, has announced its plans to go public through a merger with M3-Brigade Acquisition V Corp. The transaction is expected to generate more than $1 billion in gross proceeds, which will be used to back up the companies’ crypto reserve strategy. This strategy involves the accumulation of various digital assets, including Bitcoin (BTC), Ether (ETH), and Solana (SOL).

Jaime Leverton, the CEO of ReserveOne, emphasized the company's commitment to responsible innovation, financial inclusion, and the development of a more resilient and transparent market for digital assets. Leverton is well-known in the cryptocurrency industry for her work with Hut 8 and Riot Platforms, two prominent Bitcoin mining companies. She served as the CEO of Hut 8 for three years before moving to Riot Platforms, where she currently holds a position on the board of directors.

M3-Brigade is a partnership between M3 Partners and Brigade Capital Management. The partnership has been active in the Special Purpose Acquisition Companies (SPAC) market, facilitating the public listing of companies through private mergers. Two other companies that M3-Brigade has taken public are Greenfire Resources and Infrastructure and Energy Alternatives.

After the merger is completed, ReserveOne will trade under two tickers: RONE and RONEW. M3-Brigade is currently listed on the Nasdaq, and the merger is expected to close in the fourth quarter of 2025. This move will allow ReserveOne to establish a strong position in the rapidly expanding digital asset management sector, providing investors with exposure to a diversified portfolio of cryptocurrencies.

ReserveOne's business model will focus on the management of a wide range of cryptocurrency products, with Bitcoin serving as the foundation of the portfolio. The company will also include Ethereum, XRP, Solana, and other cryptocurrencies. By utilizing institutional staking and lending, ReserveOne aims to achieve returns on its investments, providing a more focused approach on yield to cryptocurrency investment. The company’s leadership is a significant factor in its potential for success. CEO Jaime Leverton, who previously served as the CEO of Hut 8, a crypto mining company, will lead ReserveOne. Sebastian Bea, former head of Coinbase Asset Management, will serve as the company’s President and Head of Investment.

ReserveOne’s board will include Reeve Collins, co-founder of stablecoin issuer Tether, and Wilbur Ross, former U.S. Secretary of Commerce. The board also includes industry veterans from Coinbase and other established firms. Notably, Tether Co-founder Reeve Collins, along with former Blackstone executive Chinh Chu, are reportedly planning to raise up to $1 billion through a SPAC to establish a crypto treasury. This fund will focus on diverse digital assets, including Bitcoin, Ethereum, and Solana, and will complement ReserveOne’s strategy of managing a diversified portfolio.

Once the transaction is successfully completed, the merged business will trade on the Nasdaq as RONE. This is a major milestone in the ReserveOne evolution into a publicly traded company, presenting new investment opportunities to have exposure to a diversified portfolio of cryptocurrencies. Consequently, this decision to go public will help to establish a new benchmark in institutional investment in crypto and generating yield. Combinations of disciplined method of digital asset management and leadership strategy well-position the company to capitalize on the increasing demand of legally regulated and transparent crypto investment services.