DeFi Daily News
Thursday, October 23, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Ethereum

rewrite this title Former Tether, Hut 8, Blackstone execs to launch $1B crypto treasury firm

Assad Jafri by Assad Jafri
June 26, 2025
in Ethereum
0 0
0
rewrite this title Former Tether, Hut 8, Blackstone execs to launch B crypto treasury firm
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Nemo

A group of high-profile financial executives, including former Blackstone dealmaker Chinh Chu and Tether co-founder Reeve Collins, are seeking to raise $1 billion to launch what could become the first publicly traded crypto treasury firm with a diversified portfolio, Bloomberg News reported on June 25, citing people familiar with the matter.

The effort is being led through M3-Brigade Acquisition V, a special-purpose acquisition company (SPAC) that will rebrand and redirect its capital toward building a balance sheet of multiple digital assets, including Bitcoin, Ethereum, and Solana.

If successful, the initiative would mark a significant departure from the typical Bitcoin-only treasury strategies employed by most public firms in recent months.

The company will be helmed by Jaime Leverton, the former CEO of crypto mining firm Hut 8. She will be joined by two vice chairs: Wilbur Ross, former U.S. Commerce Secretary under President Donald Trump’s first administration, and Gabriel Abed, the former Barbadian ambassador to the UAE and current chairman of Binance’s board.

According to Bloomberg, Cantor Fitzgerald is advising on the fundraising process, though sources cautioned that the final structure, including the token allocation, could still evolve depending on market conditions and investor interest.

The move comes amid a broader trend of publicly listed companies adding digital assets to their balance sheets as an inflation hedge and alternative store of value. However, most have focused exclusively on Bitcoin.

M3-Brigade’s planned multitoken approach would represent a novel treasury model. Unlike single-token strategies, the proposed diversified portfolio could potentially reduce volatility and offer investors broader exposure to the crypto market’s largest networks.

Other firms have recently expressed interest in similar treasury plays. Earlier this week, Anthony Pompliano’s ProCap BTC said it would go public via a SPAC to acquire Bitcoin.

Meanwhile, SharpLink Gaming has chosen to adopt Ethereum as a reserve asset for its treasury, while Nano Labs is accumulating BNB, but none have taken a multi-asset approach akin to M3-Brigade’s plans.

M3-Brigade shares dropped 12% on June 25 following the report but rebounded 5% in pre-market trading on June 26, reflecting cautious investor interest in the firm’s new direction.

The plan remains under wraps with no official announcement, and representatives for M3-Brigade, Chu, and Collins have declined to comment.

If completed, the initiative would mark one of the most ambitious attempts yet to institutionalize crypto treasury management on public markets, with leadership spanning Wall Street, stablecoin innovation, digital mining, and global diplomacy.

Mentioned in this article

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BlackstoneCryptoexecsFirmHutlaunchrewriteTethertitleTreasury
ShareTweetShare
Previous Post

White House vows to find Iran strike leaker, threatens jail time

Next Post

rewrite this title What Is the Cost to Replace Vinyl Siding in 2025? – NerdWallet

Next Post
rewrite this title What Is the Cost to Replace Vinyl Siding in 2025? – NerdWallet

rewrite this title What Is the Cost to Replace Vinyl Siding in 2025? - NerdWallet

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Why Outlet Malls Are Struggling In The U.S.

Why Outlet Malls Are Struggling In The U.S.

July 16, 2024
rewrite this title Soulframe Joineries and reforging guide

rewrite this title Soulframe Joineries and reforging guide

July 28, 2025
Live Coverage of Triathlon Decision at Olympics 2024 as Beth Potter and Alex Yee Compete for Gold

Live Coverage of Triathlon Decision at Olympics 2024 as Beth Potter and Alex Yee Compete for Gold

July 31, 2024
rewrite this title Repair from Millions of Kilometers Away: How NASA Keeps the Mars Rovers Alive

rewrite this title Repair from Millions of Kilometers Away: How NASA Keeps the Mars Rovers Alive

September 29, 2025
Use rhino.fi to make payments with cryptocurrency and maintain your anonymity

Use rhino.fi to make payments with cryptocurrency and maintain your anonymity

August 14, 2024
rewrite this title Berkshire Hathaway to buy Occidental’s OxyChem for .7 billion, in Buffett’s biggest deal in three years

rewrite this title Berkshire Hathaway to buy Occidental’s OxyChem for $9.7 billion, in Buffett’s biggest deal in three years

October 2, 2025
rewrite this title with good SEO Ethereum Slides Gradually — Buyers Losing Control As Market Turns Cautious

rewrite this title with good SEO Ethereum Slides Gradually — Buyers Losing Control As Market Turns Cautious

October 23, 2025
rewrite this title Chris Jericho drops a huge WWE reference just before AEW Dynamite

rewrite this title Chris Jericho drops a huge WWE reference just before AEW Dynamite

October 22, 2025
rewrite this title Crypto Adoption in Australia Stalls as Trust Drops Despite Labor’s Push for Regulation – Decrypt

rewrite this title Crypto Adoption in Australia Stalls as Trust Drops Despite Labor’s Push for Regulation – Decrypt

October 22, 2025
rewrite this title Warum Asiens Börsen plötzlich Angst vor Bitcoin haben – und was das für die Zukunft des Mining bedeutet

rewrite this title Warum Asiens Börsen plötzlich Angst vor Bitcoin haben – und was das für die Zukunft des Mining bedeutet

October 22, 2025
rewrite this title The Inevitable Convergence: How Ethereum Became The Settlement Layer For All Altcoins

rewrite this title The Inevitable Convergence: How Ethereum Became The Settlement Layer For All Altcoins

October 22, 2025
rewrite this title Dax Shepard Joked About Hitting Kristen Bell ‘Several Times’ In Resurfaced Interview Years Before ‘Tone-Deaf’ Anniversary Post! – Perez Hilton

rewrite this title Dax Shepard Joked About Hitting Kristen Bell ‘Several Times’ In Resurfaced Interview Years Before ‘Tone-Deaf’ Anniversary Post! – Perez Hilton

October 22, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.