Tether Co-Founder plans to set up a $1 billion crypto fund and create a diversified cryptocurrency reserve including BTC and ETH
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Planet Daily News: A former private equity giant deal maker and the co-founder of Tether are jointly establishing a listed crypto fund with a scale of $1 billion, aiming to build a diversified digital asset portfolio. According to informed sources, the fund will raise funds through the SPAC (Special Purpose Acquisition Company) M3-Brigade Acquisition V Corp. supported by both parties, and plans to allocate multiple crypto assets including Bitcoin, ETH, and Solana. It is reported that fundraising is still ongoing, and specific details, including the $1 billion target, may still be adjusted. (Bloomberglaw)
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