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In a press release published on Sept. 23, ReserveOne confirmed it had submitted a draft Form S-4 to the U.S. Securities and Exchange Commission (SEC). The ReserveOne nasdaq filing relates to its proposed merger with M3-Brigade Acquisition V Corp., a blank-check company listed under the tickers MBAVU, MBAV, and MBAVW.
The filing is an essential prerequisite under U.S. securities law, giving the SEC an opportunity to review the merger terms before shareholders cast their votes. If approved, the combined entity will list under the ticker symbol RONE on Nasdaq.
S-4 documents are commonly used for mergers and acquisitions, and ReserveOne’s submission highlights how crypto companies are increasingly turning to public listings to gain access to capital and enhance transparency.
Founded in July 2025, ReserveOne has positioned itself as a digital asset management firm with ambitions to create a diversified crypto treasury. Inspired by the U.S. Strategic Bitcoin Reserve proposal, the company’s strategy goes beyond holding Bitcoin. It also plans to manage Ethereum, Solana, and other top-tier digital assets.
According to the ReserveOne nasdaq filing, the firm intends to generate passive yield by deploying institutional-grade staking and lending strategies. This model mirrors the approaches of existing altcoin treasury firms, which balance long-term holding with yield optimization.
Proceeds from the merger with M3-Brigade are expected to surpass $1 billion, providing ReserveOne with the liquidity needed to establish and expand its reserve.
Jaime Leverton, who previously held senior roles at Hut 8 Mining and Riot Platforms, and also led Coinbase Asset Management, is set to serve as president and head of investment.
“By moving towards a public listing, we’re reinforcing our commitment to responsible innovation, financial inclusion, and the development of a more resilient, transparent market for digital assets,” Leverton said when announcing the ReserveOne nasdaq filing. “Our disciplined, yield-focused strategy is designed to set a new standard for regulated crypto investing.”
The timing of the ReserveOne nasdaq filing comes amid a wave of public market entries by major crypto firms. Over the past year, Circle, eToro, Bullish, and Gemini have all completed high-profile listings. Each firm has pitched itself as an institutional-grade gateway to digital assets, and ReserveOne now aims to join their ranks with a similar vision.
The company’s structure sets it apart, however. By emphasizing a diversified treasury, ReserveOne is betting on a broad digital asset base rather than positioning itself as a single-asset vehicle. That approach may appeal to investors seeking exposure to crypto markets without relying on a single token.
Still, questions remain about how markets will respond to another crypto-focused listing. Investor sentiment has been volatile, with token valuations swinging on regulatory updates, liquidity shifts, and macroeconomic conditions. For ReserveOne, demonstrating disciplined execution will be key to securing investor trust once the merger closes.
While the ReserveOne nasdaq filing signals progress, regulatory approval remains a significant hurdle. The SEC has historically taken a cautious approach toward crypto-related listings, often delaying decisions or requiring additional disclosures before granting approval.
If the merger is cleared, ReserveOne expects to finalize the deal in Q4 2025, after which the company would begin trading under its new ticker. Analysts note that the timeline will depend on the SEC’s review of the S-4 and the outcome of the shareholder vote at M3-Brigade.
The public listing would also put ReserveOne under heightened regulatory oversight, requiring quarterly financial disclosures and stricter governance standards. For a firm seeking to position itself as a regulated, transparent crypto investment vehicle, this could prove to be both a challenge and a validation.
The ReserveOne nasdaq filing underscores the growing appetite for structured, publicly accountable crypto investment vehicles. If successful, the merger could provide a blueprint for future treasury-focused firms seeking to scale through public markets.
ReserveOne’s leadership has emphasized that building credibility with regulators and investors is central to its mission. Leverton’s statement reflects that balance: pursuing growth while maintaining a “disciplined, yield-focused” approach.
As the Q4 2025 merger deadline approaches, all eyes will be on ReserveOne to see whether its Nasdaq debut delivers the liquidity and trust needed to cement its role as a leading digital asset treasury company. For crypto investors, the outcome of the ReserveOne nasdaq filing may set the tone for the next wave of public crypto listings.
