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Thursday, June 18, 2026

Crypto-Treasury Dream Unravels After a 90% Stock Plunge

 


The business model of launching a public company to buy crypto is falling apart. As a result, those in the queue to do so through blank-check companies are facing pressure from investors against a market backdrop that is fiercely unfriendly.

Take ReserveOne Inc., a cryptocurrency asset manager that had prominent associates, including private equity magnate and former US Commerce Secretary Wilbur Ross.

https://www.bloomberg.com/news/articles/2026-06-18/the-crypto-treasury-dream-unravels-after-a-90-stock-plunge

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