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ReserveOne plans to launch more than $1 billion bitcoin-led digital asset reserve

Online report, digital asset management company ReserveOne Inc. Today announced that it has reached a final business merger agreement with Nasdaq-listed SPAC company M3-Brigade Acquisition V Corp., and plans to hold and manage a basket of crypto assets, with Bitcoin as the core, covering Ethereum, Solana and other assets with pledge and loan income potential, and provide asset value-added services to institutional investors. This transaction is expected to bring more than US$1 billion in financing to ReserveOne, including approximately US$298 million in trust funds (assuming no redemption) and US$750 million in PIPE financing, including US$500 million in common shares and warrants, and US$250 million in convertible bonds. Strategic investors participating in this round of financing include: Blockchain.com, Galaxy Digital, Kraken, Pantera Capital, ParaFi Capital and other institutions. After the transaction is completed, ReserveOne plans to list on Nasdaq.

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