$BTC ReserveOne adds crypto insiders and ex-Trump official to board

ReserveOne, a new crypto startup backed by big names from both traditional finance and Washington, plans to go public on the Nasdaq through a deal with M3-Brigade Acquisition V Corp, a blank-check firm listed under MBAV.O, according to Reuters.

The merger is expected to close sometime between October and December this year, and the company is aiming to raise over $1 billion in the process.

The company says it will manage a crypto portfolio that includes bitcoin, ethereum, and Solana, and plans to align its strategy with the U.S. strategic crypto reserve. The entire push is part of a broader effort to package crypto into equity to make it more appealing to institutional investors.

The idea isn’t new. Michael Saylor’s company, MicroStrategy, did something similar in 2020 when it switched to a bitcoin-centered model and saw its stock price explode. ReserveOne is following that same model but throwing in more firepower from the top.