Reeve Collins takes charge as CEO of digital assets firm
- M3-Brigade Acquisition V Corp. finalized a transaction involving the purchase of 7,187,500 Class B ordinary shares and 5,043,750 private placement warrants.
- Reeve Collins was appointed as chief executive officer, highlighting his significant role in the digital assets sector.
- The renaming of M3-Brigade to CCRC Digital Assets Corp. reflects the company's focus on expanding its influence in the digital assets marketplace.
In New York on May 27, 2025, M3-Brigade Acquisition V Corp., a Cayman Islands exempted company, finalized a significant transaction involving the purchase of shares and warrants pertaining to its operations in the digital assets sector. MI7 Sponsor, LLC and Reeve Collins, a prominent figure in the digital assets industry and co-founder of Tether, acquired 7,187,500 Class B ordinary shares along with 5,043,750 private placement warrants for $6,467,500. This move signals a strategic shift for the company, which plans to rename itself as CCRC Digital Assets Corp. Leadership roles were also reassigned, with Reeve Collins stepping in as the new CEO and Chinh Chu from CC Capital appointed as president. The board of directors welcomed new members Thomas L. Fairfield and Edward Murphy, marking a fresh chapter for the firm as it aims to innovate and expand in the digital assets marketplace. Collins has a track record of innovation in the space, having co-founded several entities and being integral in launching multiple SPACs since 2016. His appointment highlights the company's commitment to navigating the evolving landscape of digital currency and programmable assets effectively. This restructuring comes amid rapidly changing market dynamics, making it crucial for firms in this sector to have strong leadership focused on development and market adaptation.