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By Will Canny, AI Boost|Edited by Stephen Alpher
Updated Jul 8, 2025, 1:11 p.m. Published Jul 8, 2025, 1:11 p.m.
- ReserveOne is to go public in $1 billion SPAC deal with M3-Brigade Acquisition V Corp.
- The deal is backed by industry heavyweights such as Galaxy Digital, Kraken, Pantera Capital, Blockchain.com, and CC Capital.
- Led by former Hut 8 CEO Jamie Leverton, ReserveOne plans to hold a basket of cryptos, bitcoin, ether and solana among them.
ReserveOne, a newly launched digital asset management firm is going public through a $1 billion business combination with M3-Brigade Acquisition V Corp. (MBAV), the companies announced Tuesday.
The deal includes $297.7 million in SPAC trust capital and $750 million in PIPE commitments from crypto industry heavyweights including Galaxy Digital, Kraken, Pantera Capital, Blockchain.com, and CC Capital.
STORY CONTINUES BELOW
ReserveOne plans to hold a diversified portfolio anchored by bitcoin
and including ether(ETH), solana(SOL)and others, with returns generated through institutional staking and lending strategies.
Coinbase will custody the platform’s secured BTC holdings.
The firm is led by Jaime Leverton, former CEO of Hut 8, with ex-Coinbase Asset Management head Sebastian Bea as president.
The board will include Tether co-founder Reeve Collins, former U.S. Commerce Secretary Wilbur Ross, and Coinbase’s John D’Agostino.
ReserveOne aims to bring transparency and yield-focused discipline to crypto investing while targeting institutions, family offices, and public market investors.
The combined company will trade under the ticker “RONE” after an expected Q4 close.
Read more: Anthony Pompliano’s ProCap to Go Public in $1B Bitcoin Treasury SPAC Deal
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He’s now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
