The crypto-treasury dream unravels after a 90% stock plunge

ReserveOne had agreed to combine with M3-Brigade Acquisition V Corp., a special-purpose acquisition company, or SPAC, whose sole purpose is to find another entity to buy, taking it public in the process. Ross did not back the deal financially, but after it closed, he was slated to join ReserveOnes board. Other promoters of the effort are a whos who of big names in finance and crypto.

Raccontata daeconomictimes.indiatimes.com