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The company intends to buy a basket of tokens, including bitcoin, ether and sol. A blank-check company backed by former Blackstone dealmaker Chinh Chu and Tether co-founder Reeve Collins is looking to raise $1 billion to build a publicly traded cryptocurrency treasury firm, Bloomberg reported citing sources familiar with the plans. The vehicle, M3-Brigade Acquisition V, plans to rebrand and use the cash to buy a basket of tokens including bitcoin BTC$106,938.47, ether ETH$2,414.89 and Solana's sol SOL$141.60. The move comes as public companies worldwide are rushing to add cryptocurrencies as treasury assets. Many, however, are focusing on bitcoin, the largest crypto by market cap, alone. Among them, Anthony Pompliano's ProCap BTC this week said it planned to go public through a SPAC and stock up on BTC. Multitoken companies are rarer and Brigade Acquisition would be among the first. Former Hut 8 Mining CEO Jaime Leverton will run the company. Wilbur Ross, who served as U.S. Commerce Secretary, and Gabriel Abed, Barbados’s former ambassador to the UAE and current chair of Binance’s board, will act as vice chairs. Cantor Fitzgerald is among the advisers, and both the fundraising target and token mix could still change, Bloomberg said. The biggest name companies with single-coin strategies include Strategy (MSTR) and Metaplanet (3350), whose focus is on bitcoin. Other single tokens firms are exploring alternative coins, for example SharpLink Gaming (SBET) accumulating ether and Nano Labs piling into BNB. Shares of M3-Brigade fell 12% after news of the plan surfaced on Wednesday, and were recently up 5% pre-market. Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk's $1,000 disclosure threshold. https://www.coindesk.com/business/202... #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple