Latest news with #JaimeLeverton
Yahoo
08-07-2025
- Business
- Yahoo
Crypto Treasury Firm ReserveOne Going Public in $1B SPAC Deal
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, and CC Capital. ReserveOne plans to hold a diversified portfolio anchored by bitcoin (BTC) 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 while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
CTV News
08-07-2025
- Business
- CTV News
ReserveOne, backed by crypto heavyweights, set to raise over US$1 billion in Nasdaq listing
The Nasdaq MarketSite in New York's Times Square, on May 16, 2012. (AP / Richard Drew) ReserveOne, a new cryptocurrency holding company with ties to industry veterans and a former U.S. commerce secretary, said on Tuesday it will list on the Nasdaq through a blank-check deal that is expected to raise more than US$1 billion. The company will manage a portfolio of cryptocurrencies including bitcoin, ethereum and Solana. Shares of M3-Brigade Acquisition V Corp, the blank-check firm, fell nearly 4 per cent before the open. The deal is the latest in a series of efforts to wrap crypto assets into equity and make them more appealing for traditional investors. The exponential stock price growth of Michael Saylor's Strategy, which pivoted to a bitcoin-focused business model in 2020, has also popularized the playbook. While ReserveOne is joining a crowded space, its leadership team includes some high-profile figures. The company will be led by CEO Jaime Leverton, the former chief of crypto miner and computing provider Hut 8. Sebastian Bea, a former executive at asset managers BlackRock and Coinbase Asset Management, will be its president and head of investment. The company's board will be chaired by stablecoin giant Tether's co-founder Reeve Collins, and will include Wilbur Ross, the Secretary of Commerce in the first Trump administration. Crypto firm and crypto exchange Kraken are among the investors, contributing up to US$750 million to the deal, through a combination of equity and convertible debt offering. Blank-check firms, or special purpose acquisition companies, are shell entities that raise capital through an IPO with the sole purpose of merging with a private company, which then becomes publicly traded. --- Reporting by Niket Nishant in Bengaluru; Editing by Sahal Muhammed
Reuters
08-07-2025
- Business
- Reuters
ReserveOne, backed by crypto heavyweights, set to raise over $1 billion in Nasdaq listing
July 8 (Reuters) - ReserveOne, a new cryptocurrency holding company with ties to industry veterans and a former U.S. commerce secretary, said on Tuesday it will list on the Nasdaq through a blank-check deal that is expected to raise more than $1 billion. The company will manage a portfolio of cryptocurrencies including bitcoin, ethereum and Solana. Shares of M3-Brigade Acquisition V Corp (MBAV.O), opens new tab, the blank-check firm, fell nearly 4% before the open. The deal is the latest in a series of efforts to wrap crypto assets into equity and make them more appealing for traditional investors. The exponential stock price growth of Michael Saylor's Strategy (MSTR.O), opens new tab, which pivoted to a bitcoin-focused business model in 2020, has also popularized the playbook. While ReserveOne is joining a crowded space, its leadership team includes some high-profile figures. The company will be led by CEO Jaime Leverton, the former chief of crypto miner and computing provider Hut 8 (HUT.O), opens new tab. Sebastian Bea, a former executive at asset managers BlackRock (BLK.N), opens new tab and Coinbase Asset Management, will be its president and head of investment. The company's board will be chaired by stablecoin giant Tether's co-founder Reeve Collins, and will include Wilbur Ross, the Secretary of Commerce in the first Trump administration. Crypto firm and crypto exchange Kraken are among the investors, contributing up to $750 million to the deal, through a combination of equity and convertible debt offering. Blank-check firms, or special purpose acquisition companies, are shell entities that raise capital through an IPO with the sole purpose of merging with a private company, which then becomes publicly traded.
CNA
08-07-2025
- Business
- CNA
ReserveOne, backed by crypto heavyweights, set to raise over $1 billion in Nasdaq listing
ReserveOne, a new cryptocurrency holding company with ties to industry veterans and a former U.S. commerce secretary, said on Tuesday it will list on the Nasdaq through a blank-check deal that is expected to raise more than $1 billion. The company will manage a portfolio of cryptocurrencies including bitcoin, ethereum and Solana. Shares of M3-Brigade Acquisition V Corp, the blank-check firm, fell nearly 4 per cent before the open. The deal is the latest in a series of efforts to wrap crypto assets into equity and make them more appealing for traditional investors. The exponential stock price growth of Michael Saylor's Strategy, which pivoted to a bitcoin-focused business model in 2020, has also popularized the playbook. While ReserveOne is joining a crowded space, its leadership team includes some high-profile figures. The company will be led by CEO Jaime Leverton, the former chief of crypto miner and computing provider Hut 8. Sebastian Bea, a former executive at asset managers BlackRock and Coinbase Asset Management, will be its president and head of investment. The company's board will be chaired by stablecoin giant Tether's co-founder Reeve Collins, and will include Wilbur Ross, the Secretary of Commerce in the first Trump administration. Crypto firm and crypto exchange Kraken are among the investors, contributing up to $750 million to the deal, through a combination of equity and convertible debt offering. Blank-check firms, or special purpose acquisition companies, are shell entities that raise capital through an IPO with the sole purpose of merging with a private company, which then becomes publicly traded.
Yahoo
08-07-2025
- Business
- Yahoo
ReserveOne, backed by crypto heavyweights, set to raise over $1 billion in Nasdaq listing
(Reuters) -ReserveOne, a new cryptocurrency holding company with ties to industry veterans and a former U.S. commerce secretary, said on Tuesday it will list on the Nasdaq through a blank-check deal that is expected to raise more than $1 billion. The company will manage a portfolio of cryptocurrencies including bitcoin, ethereum and Solana. Shares of M3-Brigade Acquisition V Corp, the blank-check firm, fell nearly 4% before the open. The deal is the latest in a series of efforts to wrap crypto assets into equity and make them more appealing for traditional investors. The exponential stock price growth of Michael Saylor's Strategy, which pivoted to a bitcoin-focused business model in 2020, has also popularized the playbook. While ReserveOne is joining a crowded space, its leadership team includes some high-profile figures. The company will be led by CEO Jaime Leverton, the former chief of crypto miner and computing provider Hut 8. Sebastian Bea, a former executive at asset managers BlackRock and Coinbase Asset Management, will be its president and head of investment. The company's board will be chaired by stablecoin giant Tether's co-founder Reeve Collins, and will include Wilbur Ross, the Secretary of Commerce in the first Trump administration. Crypto firm and crypto exchange Kraken are among the investors, contributing up to $750 million to the deal, through a combination of equity and convertible debt offering. Blank-check firms, or special purpose acquisition companies, are shell entities that raise capital through an IPO with the sole purpose of merging with a private company, which then becomes publicly traded.
