JOURNAL ARTICLE

Blackstone, Tether Duo Tap Wilbur Ross for Crypto Reserve.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Weeks, Ryan; Shen, Muyao 3 of 3

Abstract

The article discusses a fundraising initiative led by a former Blackstone Inc. dealmaker and a co-founder of Tether Holdings SA, aiming to raise $1 billion for a special-purpose acquisition company (SPAC) called M3-Brigade Acquisition V Corp. This vehicle plans to invest in a diversified portfolio of digital assets, including Bitcoin, Ether, and Solana. Key figures involved include Wilbur Ross, former US Commerce Secretary, and Gabriel Abed, chair of Binance's board, with Jaime Leverton, former CEO of Hut 8 Mining, set to be the chief executive. The fundraising is ongoing, and the strategy marks a shift from more focused cryptocurrency investments to a multi-token approach. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/06, pN.PAG
  • Document Type:Article
  • Subject Area:Politics and Government
  • Publication Date:2025
  • Accession Number:186161231
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