HKAN | June 25

A veteran of Blackstone and a co-founder of Tether are teaming up to raise $1 billion in a new public crypto fund through the M3‑Brigade Acquisition V Corp SPAC, with a core focus on **Bitcoin (BTC), Ethereum (ETH), and Solana (SOL)** .

The Team Behind the Fund

Reeve Collins – Co‑founder of stablecoin issuer Tether, bringing deep crypto infrastructure experience

Chinh Chu – Former co-head of private equity at Blackstone, now founder of CC Capital, offering institutional investment expertise

Both are serving as sponsors of M3‑Brigade Acquisition V Corp, the blank‑check SPAC vehicle tasked with raising the capital for this institutional crypto offering .

A Diversified Crypto Strategy

Unlike single-token allocations by MicroStrategy or similar companies, this SPAC aims to deploy capital across a diversified portfolio — including Bitcoin, Ethereum, and Solana — to balance risk and tap into varied blockchain use cases .

This broader strategy aligns with macro trends, including the 2025 U.S. Bitcoin Reserve Executive Order, signaling growing acceptance of multi-token reserve approaches .

What This Means for Institutional Crypto

On‑ramp for public investors: The fund provides a regulated vehicle to invest in top digital assets

SPAC structure: Offers transparency and access similar to public equities

Market signal: Reflects increasing institutional trust in crypto beyond Bitcoin alone

Next Steps

The SPAC is now marketing to institutional and public investors aiming to reach its $1 billion goal. If successful, it would be one of the largest single institutional vehicles dedicated to diversified crypto investments.

Final Takeaway

With heavyweight backing from Tether and ex‑Blackstone investment leadership, this SPAC‑driven fund could open wider access to the crypto market — making it easier for mainstream investors to gain exposure to BTC, ETH, and SOL under an institutional-grade structure.

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