BlockBeats news, on June 26, according to Bloomberg, former private sale giant Blackstone Group’s trading facilitator is teaming up with Tether co-founder, a leader in stablecoins, to establish a public cryptocurrency fund with a scale of 1 billion dollars, aimed at building a diversified digital asset portfolio. According to knowledgeable sources, the fund is being raised through a SPAC (special purpose acquisition company) M3-Brigade Acquisition V Corp. supported by both parties, and plans to allocate various crypto assets including Bitcoin, Ethereum, and Solana. Due to the confidentiality of the negotiations, these individuals requested anonymity. Fundraising is still ongoing, and specific details, including the 1 billion dollar target, may still be adjusted.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
