Bloomberg: Tether and others plan to build $1 billion in cryptocurrency reserves for SPAC MBAV. U, including assets such as BTC, ETH, and SOL

BlockBeats News: On June 26th, according to Bloomberg, former private equity giant Blackstone Group's matchmaker and co-founder of stablecoin leader Tether are joining forces to build a $1 billion publicly traded cryptocurrency fund aimed at building a diversified digital asset portfolio. According to insiders, the fund is raising funds through the mutually supported SPAC (Special Purpose Acquisition Company) M3 Brigade Acquisition V Corp., and plans to allocate multiple types of cryptocurrency assets such as Bitcoin, Ethereum, and Solana. Due to the confidentiality of the negotiations, these individuals requested anonymity. The fundraising is still ongoing, and specific details including the $1 billion target may still be adjusted.