BlockBeats News, June 19th, according to Bloomberg, the merger between cryptocurrency asset management company ReserveOne and Special Purpose Acquisition Company (SPAC) M3-Brigade Acquisition V Corp. (MBAV) has been declared unsuccessful.

Investors believe that since the announcement of the merger nearly a year ago, the price of Bitcoin has dropped significantly. If listed at this time, the stock price would inevitably be below the net asset value. Coupled with the transaction fees that need to be paid to bankers and sponsors, it is not economically viable.