- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
ReserveOne Plans to Launch Over $1 Billion Bitcoin-Dominated Digital Asset Reserve
BlockBeats News, July 8th, according to GlobeNewswire, digital asset management company ReserveOne Inc. announced today that it has reached a definitive business merger agreement with Nasdaq-listed SPAC company M3-Brigade Acquisition V Corp. The company plans to hold and manage a basket of crypto assets, with Bitcoin at its core, covering assets with staking and lending yield potential such as Ethereum, Solana, and others, and provide asset appreciation services to institutional investors.
This transaction is expected to bring ReserveOne over $1 billion in financing, including approximately $298 million in trust funds (assuming no redemptions) and $750 million in PIPE financing, including $500 million in common stock and warrants and $250 million in convertible bonds.
Strategic investors participating in this round of financing include: Blockchain.com, Galaxy Digital, Kraken, Pantera Capital, ParaFi Capital, and other institutions. After the completion of the transaction, ReserveOne plans to list on the Nasdaq.
You may also like
Gainers
Latest Crypto News
Justin Sun: Will Allow Institutional Investors to Access More Investment Products, Establishing a Foundational Security Network for the Digital Asset Class
In the last 4 hours, there has been a total of $270 million in liquidations across the network, with the majority coming from long positions.
"The '100% Win Rate Whale' has now given back all the profits from its last 12 trades, resulting in an overall loss of $8.26 million."
CZ: Yesterday's disclosed content was over-interpreted
「Cool-Headed Whale」 has substantially profited from the BTC and SOL short positions. The position size has decreased by $43 million, with the remaining position being rolled over for further deployment.
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：bd@weex.com
VIP Services：support@weex.com
App