Summary
- ReserveOne is reportedly pursuing a Nasdaq listing and plans to raise more than $1 billion in funds.
- ReserveOne's asset portfolio is expected to include major virtual assets such as Bitcoin, Ethereum, and Solana.
- Several leading virtual asset firms and investors, including Galaxy Digital and Blockchain.com, reportedly participated in this funding round.
On the 8th (local time), The Block, a virtual asset (cryptocurrency) media outlet, reported that ReserveOne, a virtual asset management firm, is pursuing a Nasdaq listing through a merger with special purpose acquisition company (SPAC) M3-Brigade.
ReserveOne is a company founded inspired by a Bitcoin (BTC) buying strategy at Strategy, and plans to raise more than $1 billion through this listing.
The asset portfolio is expected to include major virtual assets such as Bitcoin, Ethereum (ETH), and Solana (SOL), with staking and lending as its main revenue models.
Major virtual asset firms and investors such as Galaxy Digital, Blockchain.com, FalconX, Kraken, Pantera Capital, Hivemind, and ParaFi participated in this funding round.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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