Digital asset management company ReserveOne announced on Tuesday that it will go public through a merger with M3-Brigade Acquisition V Corp.
The transaction is expected to generate over $1 billion in total proceeds, supporting the company's crypto reserve strategy by accumulating digital assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
"By advancing our public listing, we are reinforcing our commitment to responsible innovation, financial inclusion, and building a more resilient and transparent market for digital assets," said ReserveOne CEO Jaime Leverton in a statement.
Leverton is well-known in the cryptocurrency space for her work at two Bitcoin mining companies, Hut 8 and Riot Platforms. She served as CEO of Hut 8 for three years before moving to Riot Platforms, where she currently serves on the board.
M3-Brigade is a partnership between M3 Partners and Brigade Capital Management. They have jointly entered the special purpose acquisition company market to take companies public through private mergers.
M3-Brigade has already led the public listings of two other companies: Greenfire Resources and Infrastructure and Energy Alternatives.
Upon completion of the merger, ReserveOne will trade under two stock codes: RONE and RONEW. M3-Brigade is listed on NASDAQ, and the merger is expected to be completed in the fourth quarter of 2025.
Since 2024, crypto reserve companies have become more popular, bringing increased attention and credibility to the field. Other companies betting on crypto reserves include Michael Saylor's Strategy, Metaplanet, Semler Scientific, SOL Strategies, and DeFi Development Corp.
Crypto reserve companies are typically seen as proxies for direct cryptocurrency investments, providing investors with exposure to digital assets without requiring them to purchase or hold tokens themselves. However, this indirect exposure may make their stock prices susceptible to volatility reflecting the broader crypto market.
Related: European Blockchain Group and UK Smarter Web Co. increase Bitcoin (BTC) reserves
Original article: “Digital asset management company ReserveOne to go public through merger, creating crypto reserve”
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