How ReserveOne Plans to Shake Up the Crowded DAT Market | Jaime Leverton

Feb 3, 2026

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In this episode of Talking Tokens, Jacquelyn Melinek speaks with Jaime Leverton, CEO of ReserveOne, about building a publicly-traded diversified digital asset reserve inspired by the U.S. Bitcoin Reserve and Digital Asset Stockpile. Jaime explains why she left traditional tech and her role as CEO of Hut 8 to build ReserveOne from the ground up, how the company's 80% Bitcoin and 20% alternative assets strategy differs from single-asset treasury models, and why bridging crypto jargon to traditional finance language is critical for institutional adoption.

She walks through why Bitcoin's historical four-year cycle may have ended, what 2025's surprising sideways price action tells us about 2026, and why ReserveOne raised $1 billion through a SPAC merger. The conversation covers regulatory tailwinds, institutional maturation, breaking crypto's echo chamber, Figure's real-world use cases, truth and provenance in the AI era, and why the next generation expects financial systems as fast as Roblox.

TIMESTAMPS

(00:00) Intro

(01:07) How Jaime got into crypto through Bitcoin miners flooding data centers in 2017

(03:07) Taking over Hut 8 as CEO during the Covid liquidity crash

(03:51) What drew Jaime to ReserveOne and building something from the ground up

(06:06) It’s big list of board members: Wilbur Ross, Sebastian Bea, Gabriel Abed, John D'Agostino, Reeve Collins

(07:23) Bridging crypto jargon to make digital assets accessible to traditional investors

(09:03) When ReserveOne plans to launch and current SEC filing status

(10:02) How ReserveOne differs from single-asset passive treasury companies

(11:04) 80% Bitcoin 20% alternative assets inspired by the U.S. Digital Asset Stockpile

(13:20) How digital asset treasuries evolved

(17:04) What sophisticated investors understand now vs a few years ago

(18:36) Misconceptions around Bitcoin

(19:04) How the 2025 market surprised everyone and broke the four-year cycle

(21:13) Why IBIT was the top performing ETF, yet had negative returns

(23:31) Bitcoin's unique finite supply: only 1 million Bitcoin left until 2140

(25:05) What really matters in public markets: trust and transparency

(28:30) Why diversification is increasingly important given global volatility

(29:01) The crypto IPO boom and clearing the 2021-2024 backlog

(31:11) Crypto entering a more mature institutional era vs the ICO Wild West

(33:04) Figure solving real-world problems onchain as the most exciting use case

(34:26) What the industry looks like in 5-10 years: eradicating analog financial systems

(35:29) Why the next generation expects speed and efficiency like Roblox

(37:10) Following Clarity Act progress and sovereign nation Bitcoin strategies

(38:13) Truth and provenance: solving for what's real in the AI era

(40:23) Final advice: stay humble curious and surround yourself with different views

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Note: This podcast is for informational purposes only. Views shared are opinions, not financial advice. The host or guests may have financial interests in discussed content.