According to Bloomberg, a former Blackstone executive is collaborating with the co-founder of Tether to raise $1 billion through a special purpose acquisition company (SPAC) called M3-Brigade Acquisition V Corp., intending to establish a publicly traded cryptocurrency asset reserve institution that will hold a diversified token portfolio including Bitcoin, Ethereum, and Solana. The fundraising is still ongoing, and relevant details have not yet been finalized.

If this continues, small coins are done for.