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$1 Billion On The Table: Tether Co-Founder Launches Crypto Investment Fund

  • Reeve Collins and Chinh Chu are aiming to raise up to $1 billion through a SPAC to create a significant crypto fund focused on Bitcoin, Ethereum, and Solana.
  • Collins, a Tether co-founder, and Chu, a former Blackstone executive, have stake in M3-Brigade Acquisition V Corp, the SPAC involved in the venture.
  • The fund plans to diversify its portfolio by holding multiple assets, in contrast to a recent hedge fund initiative that focused solely on BNB. This move signals growing institutional interest in crypto treasuries.
  • Regulators are keeping a close eye on the development of this SPAC deal, with potential for changes in plans and a hunt for alternative targets within the crypto and blockchain space.

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