$1 Billion On The Table: Tether Co-Founder Launches Crypto Investment Fund

Description

Reeve Collins and Chinh Chu are lining up to raise as much as $1 billion through a SPAC to build a big crypto fund. According to a Bloomberg report , they’ve bought sponsor stakes in M3-Brigade Acquisition V Corp. The money would flow into a mix of Bitcoin, Ethereum and Solana. Investors will be watching every step closely. Background On The Sponsors Reeve Collins helped start Tether and led that company from 2013 to 2015. Chinh Chu spent years as a top dealmaker at Blackstone before she left in...