ReserveOne, which manages holdings including bitcoin, ethereum, and solana, originally drew inspiration from the U.S. Strategic Bitcoin Reserve established by President Trump’s March 2025 executive order. With the merger off the table, M3-Brigade is shifting its strategy to secure additional runway. The special purpose acquisition company intends to request a one-year extension from shareholders, pushing its deadline to Aug. 2, 2027.

To stabilize its position, M3-Brigade is finalizing new funding arrangements. ReserveOne has committed to purchasing up to 4.28 million shares from the sponsor for approximately $14.3 million. This secondary agreement, designed to cover working capital and outstanding liabilities, remains subject to final shareholder approval.