ReserveOne plans to go public via a $1 billion SPAC deal, securing its crypto treasury with Bitcoin holdings.
Coinbase will hold custody of ReserveOne’s assets, while Galaxy, Kraken, and Pantera back the $750 million funding.
Led by former CEO of Hut 8, ReserveOne targets a Nasdaq listing and regulated crypto yield strategies.
The merger reflects broader efforts to bring crypto into regulated financial markets with ReserveOne's shares set to trade on Nasdaq after completing the merger.