Bloomberg: Tether co-founders plan to raise a $1 billion crypto reserve for SPAC MBAV.U, including assets such as BTC, ETH, and SOL

ChainCatcher news, according to Bloomberg, former private equity giant Blackstone's dealmaker is teaming up with Tether co-founder to establish a publicly listed crypto fund with a scale of $1 billion, aimed at building a diversified digital asset portfolio.

According to insiders, the fund is raising capital through the 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.

The fundraising is still ongoing, and specific details, including the $1 billion target, may still be adjusted.