On September 23, 2025, ReserveOne announced that it has confidentially submitted a draft registration statement on Form S-4 to the SEC (SEC) as part of its merger with the blank check company M3-Brigade Acquisition V Corp., which disclosed in July its intention to go public via Nasdaq and raise over $1 billion. After the merger is completed, ReserveOne will implement a "diversified digital asset treasury strategy," anchoring its holdings in Bitcoin and including other crypto assets such as Ethereum and Solana, generating returns through institutional staking and lending, led by former Hut 8 CEO Jaime Leverton. This move is inspired by the U.S. strategic Bitcoin reserve, with the transaction expected to close in Q4 2025 and list under the RONE code, highlighting the trend of crypto asset management transitioning to the public markets, providing investors with exposure in stock form rather than traditional wallets.

ReserveOne submits Form S-4 to advance SPAC merger

ReserveOne, a new crypto asset management company inspired by the U.S. strategic Bitcoin reserves, issued a press release on September 23, 2025, announcing that it has confidentially submitted a draft registration statement on Form S-4 to the SEC. Form S-4 is typically used for registering securities in transactions such as mergers or exchange offers, and this submission marks a critical stage in the company's proposed merger with M3-Brigade Acquisition V Corp. (NASDAQ: MBAVU, MBAV, MBAVW). M3-Brigade, as a special purpose acquisition company (SPAC), focuses on innovative platforms in the digital, energy, and infrastructure sectors.

ReserveOne first disclosed the acquisition agreement on July 7, planning to raise over 1 billion dollars through the transaction to build a diversified digital asset reserve. After the acquisition is completed, ReserveOne Holdings Inc. (Pubco) is expected to be listed on Nasdaq under the RONE code in Q4 2025, subject to SEC review, M3-Brigade shareholder approval, and customary closing conditions. This process reflects the accelerated application of the SPAC mechanism in the crypto field, helping startups quickly enter the public market.

Diversified Digital Asset Financial Strategy Focused on Bitcoin Pegging

ReserveOne plans to implement a "diversified digital asset treasury strategy" after the completion of the acquisition, anchoring a series of Crypto Assets including Bitcoin, Ethereum, Solana, etc., and exploring institutional-level staking and lending to generate returns. This strategy aims to bridge the trust of the public market with crypto innovation, providing investors with a transparent platform for long-term value creation, avoiding the friction of traditional wallets or exchanges. The company emphasizes that its mission is to invest in the crypto upgrade of the financial system, promoting responsible innovation and financial inclusion.

In the broader market context, this move aligns with institutional trends for strategic reserves in core assets like Bitcoin. Similar to the Strategy's Bitcoin financial model, ReserveOne's diversified approach can hedge against single asset risk while leveraging the growth potential of high-performance chains like Solana. Analysts point out that the injection of $1 billion will enhance market liquidity and support the transition of crypto reserves from concept to mainstream.

Leadership Team: Former CEO of Hut 8 at the Helm with Senior Executives from Leading US CEX Joining

ReserveOne is led by experienced leaders in the encryption industry. CEO Jaime Leverton served as the CEO of Bitcoin mining company Hut 8 for three years, which became the first publicly traded company to hold Bitcoin on its balance sheet. Leverton is currently a board member of Riot Platforms, and her mining background will aid ReserveOne's reserve management and risk control. President and Chief Investment Officer Sebastian Bea comes from an asset management firm in the crypto industry, and his prior leadership experience will drive institutional-grade product development.

This team configuration highlights the professionalism of ReserveOne: Leverton's mining expertise ensures the execution of Bitcoin anchoring strategies, while Bea's asset management vision optimizes the yield generation of Holdings such as Ethereum and Solana. The sponsor of M3-Brigade, MI7 Sponsor LLC (a subsidiary of CC Capital), further provides strategic support, having previously achieved value restructuring in projects like BlockFi and Celsius.

Crypto Reserve Listing Trends: Milestones from SPAC to Nasdaq

The listing path of ReserveOne represents a milestone in the field of digital asset management, bypassing the complexities of traditional IPOs through SPAC mergers, enabling rapid fundraising and enhancing transparency. The collaboration between M3-Brigade, M3 Partners, and Brigade Capital Management focuses on crypto blockchain projects, which has proven effective in cases such as Coin Cloud and Voyager. This transaction is expected to inject over $1 billion into ReserveOne, facilitating its transformation from an emerging company to a public entity.

The significance of the market lies in the fact that such listings enhance investors' confidence in crypto reserves and provide exposure in the form of stocks, similar to the role of gold ETFs. The SPAC activity is expected to revive in 2025, and ReserveOne may inspire more crypto companies to follow suit, especially in a bullish environment where Bitcoin breaks through $110,000.

Conclusion

ReserveOne's Form S-4 submission marks a key step in the crypto reserve strategy towards the public market, bridging traditional finance with digital innovation through a $1 billion merger and diversified financial assets. The company will provide investors with transparent, high-yield crypto exposure through a model anchored in Bitcoin, supplemented by Ethereum and Solana, alongside the leadership of Leverton and Bea. If the listing in Q4 2025 is completed smoothly, it may further consolidate SPAC's role in the crypto space and drive the industry from speculation to institutionalization; however, SEC scrutiny and market volatility remain concerns.

Disclaimer: This article is for news information only and does not constitute any investment advice. The crypto market is highly volatile, and investors should make decisions with caution.