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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…
