Reeve Collins and Chinh Chu ensure a SPAC to build a large cryptofoon. According to a Bloomberg report, you have sponsor missions in M3-Brigade Acquisition V Corp. bought. The money would flow into a mixture of Bitcoin, Ethereum and Solana. Investors will watch every step closely.
Background to the sponsors
Reeve Collins helped at the start of Tether and headed this company from 2013 to 2015. Chinh Chu was spent for years as a top dealmaker at Blackstone before it went in 2015. Due to reports, everyone has a sponsor interest in the M3 Brigade acquisition V Corp.
So, $ mbav. On SSR to today. Like the setup. Tether co-founder Hype. Buy the Panicans. Mohsin Meghji is also an extremely clever biscuit iykyk. Tbh. The whole board is super solid. Unique for a spac. https://t.co/aazivjfnei
– The Forestnothhetrees (@Richtrades100) June 25, 2025
Structure of the SPAC deal
The M3 brigade acquisition against Corp is already listed in an US exchange. Collins, a Tether co-founder, and Chu, former Blackstone manager, work with Cantor Fitzgerald LP as a consultant. They hope to bring the Spac together with a newly founded fund.
The aim is to transform public capital into crypto assets. However, the plan could change before it closes. The goal of 1 billion US dollars is what you are talking about for now.
Portfolio mix and goals
The fund would start at least three assets: Bitcoin, Ethereum and Solana. Based on reports, you would like to spread the risk by selecting more than one token. This is in contrast to the recent efforts of hedge fund managers who want $ 100 million for a BNB Ministry of Finance.
Industry effects and next steps
The institutional interest in crypto state bonds gathered last year last year. Several public companies have already added Bitcoin to their balance sheets.
This new step could get more companies to consider digital tokens. Cantor Fitzgerald’s role suggests that the sponsors want to comply with clear rules for flowing the money. Investors will want updates about timing, fees and assessment of assets.
Image: Binance Academy
The supervisory authorities still observe Spac deals closely. Any major change in the plan could ask additional questions. Based on reports, Collins and Chu have not set a fixed period for closing. The SPAC could search for other destinations that are bound to crypto or blockchain if this fund plan is shifting.
These efforts feel like a next step to bring crypto into the mainstream of great investors. If it is successful, a finance ministry of 1 billion US dollars could become a new benchmark.
Selected picture of Unsplash, Diagram from Tradingview
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