Former Blackstone executive and Tether Joint Venture plan to raise US$1 billion to build a listed crypto asset reserve company
According to Bloomberg, former Blackstone Group executives and Tether co-founders are working together to raise $1 billion through SPAC's M3-Brigade Acquisition V Corp. plan to create a listed crypto asset reserve company. The platform plans to hold a diversified portfolio of digital assets such as Bitcoin, Ethereum and Solana. According to people familiar with the matter, fundraising work is still in progress and relevant details have not yet been finalized.
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