A former trading platform operator from Blackstone Group has partnered with a co-founder of stablecoin issuer Tether to launch M3-Brigade Acquisition V Corp, a Special Purpose Acquisition Company (SPAC) focused on Bitcoin investments. The venture aims to raise approximately $1 billion to target opportunities within the cryptocurrency ecosystem.
The SPAC represents a collaboration bridging traditional finance expertise and blockchain industry leadership, aiming to capitalize on Bitcoin’s investment potential. Strategic details regarding asset allocation may undergo adjustments as the initiative advances, reflecting evolving market conditions and investment objectives.
This launch marks another significant institutional foray into digital asset vehicles, aligning with growing interest in regulated crypto investment structures while leveraging the combined experience of Wall Street and cryptocurrency innovators.