• Tether co-founder Reeve Collins and ex-Blackstone executive Chinh Chu aim to raise $1B for a multi-token crypto investment fund via SPAC M3-Brigade V.
  • Unlike Bitcoin-only strategies, the fund plans diversified investments across Bitcoin, Ethereum, and Solana.
  • The launch aligns with President Trump’s 2025 executive order establishing U.S. crypto reserves, signaling institutional momentum.

In a bold new push toward institutional crypto investing, Reeve Collins, co-founder of Tether, and Chinh Chu, a former top executive at Blackstone, are joining forces to raise $1 billion for a new multi-token crypto investment vehicle.

The initiative is being developed under M3-Brigade Acquisition V Corp., a special-purpose acquisition company (SPAC), and seeks to build a publicly listed investment fund.

Unlike other corporate crypto investors who focus on a single asset class—like MicroStrategy’s Bitcoin-only approach—this venture aims to diversify across leading tokens including Bitcoin, Ethereum, and Solana.

Collins and Chu are both sponsors of the SPAC, with financial advisory giant Cantor Fitzgerald reportedly assisting in the capital raise. While the $1 billion target is ambitious, sources note it could fluctuate based on market and investor sentiment.

The strategy presents a notable contrast to existing high-profile crypto holdings. For instance, Metaplanet in Japan and Michael Saylor’s Strategy firm have made headlines for their deep commitment to Bitcoin alone.

Meanwhile, other firms are selectively focused on Ethereum. In contrast, the new fund aims to blend assets, potentially reducing volatility and expanding upside exposure for shareholders.

This diversification effort comes amid a shifting policy environment in the U.S. In March 2025, President Donald Trump signed an executive order establishing a Bitcoin reserve and a broader multi-token reserve for the federal government. The fund’s proposed structure echoes this governmental shift toward embracing crypto as part of a diversified digital asset strategy.

Chinh Chu, now head of CC Capital, brings decades of experience from the private equity world, while Collins’ pioneering work at Tether positions him at the intersection of stablecoins and broader crypto market adoption. Their combined influence could attract significant institutional interest.

Edited by Harshajit Sarmah