Reserve One, a cryptocurrency asset management company, terminates its $1 billion merger with SPAC According to Golden Finance, the merger between cryptocurrency asset management company ReserveOne and special purpose acquisition company (SPAC) M3 Brick Acquisition V Corp. (MBAV) has been declared a failure. According to informed sources, the $1 billion transaction ultimately went bankrupt due to at least two major investors of ReserveOne demanding the termination of the sale. Investors believe that since the announcement of the merger nearly a year ago, the prices of Bitcoin and other tokens have dropped significantly. If ReserveOne were to go public at this time, its stock price would inevitably be lower than its net asset value, and coupled with transaction fees to be paid to bankers and sponsors, it would not be economically viable.