ReserveOne files with SEC to advance $1 billion Nasdaq listing via SPAC merger

Deals • September 24, 2025, 2:16AM EDT

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ReserveOne said it has confidentially submitted a draft statement on Form S-4 with the Securities and Exchange Commission.
It came as part of its proposed merger with M3-Brigade Acquisition V Corp, a blank-check company.

ReserveOne, a newly formed crypto asset management firm inspired by the U.S. Strategic Bitcoin Reserve, said that it has confidentially filed a draft statement on Form S-4 with the U.S. Securities and Exchange Commission.

In a Tuesday press release, ReserveOne stated that it has filed the Form S-4 as part of its proposed merger with M3-Brigade Acquisition V Corp, a blank-check company. It disclosed in July that it is pursuing a Nasdaq listing and plans to raise over $1 billion through the merger.

Form S-4 is typically used for registering securities in transactions such as mergers and exchange offers.

ReserveOne stated that it plans to implement a "diversified digital asset treasury strategy" following the completion of its proposed merger, as announced.

"ReserveOne will hold and manage a diverse basket of cryptocurrencies anchored with Bitcoin, and including Ethereum, Solana, and others, with the potential for yield generation through institutional staking and lending," the company said in July.

ReserveOne also previously disclosed that it would be led by Jaime Leverton, who has served as CEO of bitcoin miner Hut 8. Sebastian Bea, who previously led Coinbase Asset Management, would serve as president and head of investment.

ReserveOne is a newly formed digital asset management firm designed to provide investors with exposure to cryptocurrencies through a publicly traded stock, rather than traditional wallets or exchanges. The firm is led by Jaime Leverton, who previously served as CEO of Hut 8, a bitcoin mining company that became the first publicly traded company to hold Bitcoin on its balance sheet.

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