ReserveOne to list on Nasdaq with over $1 billion, merging crypto assets with equity.

ReserveOne, a new cryptocurrency holding company, plans to list on Nasdaq via a blank-check deal raising over $1 billion. The company will manage a portfolio of cryptocurrencies like bitcoin and ethereum. This move is part of a trend to merge crypto assets with equity to attract traditional investors, following the success of Michael Saylor’s Strategy. The leadership team includes industry veterans like CEO Jaime Leverton and President Sebastian Bea, with board members Reeve Collins and Wilbur Ross. Investors like Blockchain.com and Kraken are contributing up to $750 million to the deal. Blank-check firms, like the one involved in this deal, are shell entities that raise capital through an IPO to merge with private companies and take them public.

Read more at Yahoo Finance: ReserveOne, backed by crypto heavyweights, set to raise over $1 billion in Nasdaq listing