Key Takeaways
- Another billion-dollar player is eyeing the crypto reserves bandwagon. With new players focusing on staking yield, they might now be in a position to rival ETF issuers?
The massive crypto interest from institutions isn’t fading any time soon.
Following the explosive rally in Strategy (formerly MicroStrategy) and Metaplanet stocks, and other public firms embracing crypto treasuries, a new billion-dollar player, ReserveOne, has made its own entry.
ReserveOne plans to raise $1 billion and form a merger with M3-Brigade Acquisition V Corp and list on the Nasdaq exchange. As per the firm’s statement, its strategy will include Bitcoin [BTC] and other crypto assets.
“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.”
Growing appetite for crypto reserves, yield
Most recently, institutions have been focusing on a single crypto asset – BTC, Ethereum [ETH], Solana [SOL], Ripple [XRP], or Hyperliquid [HYPE].
Strategy, Metaplanet, and Twenty One, among others, focus solely on Bitcoin to preserve shareholders’ value.
BitMine and Bit Digital have gone all in on ETH, while SOL Strategies and DeFi Development Corp have jumped on the SOL treasury trends. On the other hand, the Lion Group and Eyenovia are targeting a HYPE corporate reserve.
Now, double or multi-crypto assets treasury firms are coming up too. In fact, according to ReserveOne, it would add BTC, ETH, SOL, XRP, and Cardano [ADA].
Reacting to the update, Mike Novogratz, Founder of Galaxy Digital and one of ReserveOne’s backers, said,
“Institutions are here. What we need now are vehicles built for scale, transparency, and longevity.”
For his part, Sebastian Pedro, Head of Investment for ReserveOne, said that the outfit is the “first of its kind” to offer staking yield across multiple crypto assets.
The merger could be finalized by Q4. However, it will be joining a crowded space as SOL and ETH ETF staking might be greenlighted by the SEC this year. Also, how these new yield providers will differentiate themselves from ETF issuers remains to be seen.
At press time, treasury firms held $372.7 billion BTC or 16% of the total 21 million BTC supply, up 2.4% over the last 30 days.
Additionally, the ETH treasury trend has recorded strong traction too, with the same now boasting upwards of $3.5 billion in ETH.
💡 Fun Fact: Did you know that ReserveOne’s new merger could potentially lead to a crypto reserve rivalry with ETF issuers? 😜
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2025-07-09 23:39