Parataxis Merges with SPAC to Launch Bitcoin Treasury Firm
The post Parataxis Merges with SPAC to Launch Bitcoin Treasury Firm appeared on BitcoinEthereumNews.com. Parataxis merges with SilverBox to raise $640M, aiming to lead institutional Bitcoin treasury strategy and expand in Asia. Parataxis Holdings has announced a major merger with SilverBox Corp IV, a special purpose acquisition company (SPAC), to raise to $640 million. This deal aims to launch a Bitcoin treasury company that will be listed on the New York Stock Exchange. The news appears as the world increasingly shows interest in institutional investments in cryptocurrencies such as Bitcoin. Parataxis Pushes for Bitcoin Growth in Asia Post-Merger The overall funding consists of up to 240 million dollars provided by the SPAC, but it depends on the redemptions by the shareholders. Furthermore, Parataxis has entered a purchase share agreement in which it gets up to $400 million. This total sum will be divided into the immediate purchases of Bitcoin for $31 million. This lends credence to that the company expects to make a bright entry in the Bitcoin treasury sector. Parataxis aims to deliver institutional-grade Bitcoin exposure. In its plan, it has treasury management and services that yield, which are meant to refine serious investors. The company also plans to create a scalable platform for Bitcoin investment, especially in new markets such as South Korea, as stated by its Chief Executive Officer, Edward Chin. In addition, he emphasized the importance of a trustworthy Bitcoin treasury tool in jurisdictions without access to spot Bitcoin ETFs. Such a merger will be a new phase in the fast development of Parataxis. The firm was founded in 2019 as Parataxis Capital Management; it is a digital asset investment manager to institutional clients. In June 2025, Parataxis bought a majority stake in Bridge Biotherapeutics in South Korea worth 18.3 million dollars. Its name was changed to Parataxis Korea, and it became the first treasury platform using Bitcoin in South…
The post Parataxis Merges with SPAC to Launch Bitcoin Treasury Firm appeared on BitcoinEthereumNews.com.
Parataxis merges with SilverBox to raise $640M, aiming to lead institutional Bitcoin treasury strategy and expand in Asia. Parataxis Holdings has announced a major merger with SilverBox Corp IV, a special purpose acquisition company (SPAC), to raise to $640 million. This deal aims to launch a Bitcoin treasury company that will be listed on the New York Stock Exchange. The news appears as the world increasingly shows interest in institutional investments in cryptocurrencies such as Bitcoin. Parataxis Pushes for Bitcoin Growth in Asia Post-Merger The overall funding consists of up to 240 million dollars provided by the SPAC, but it depends on the redemptions by the shareholders. Furthermore, Parataxis has entered a purchase share agreement in which it gets up to $400 million. This total sum will be divided into the immediate purchases of Bitcoin for $31 million. This lends credence to that the company expects to make a bright entry in the Bitcoin treasury sector. Parataxis aims to deliver institutional-grade Bitcoin exposure. In its plan, it has treasury management and services that yield, which are meant to refine serious investors. The company also plans to create a scalable platform for Bitcoin investment, especially in new markets such as South Korea, as stated by its Chief Executive Officer, Edward Chin. In addition, he emphasized the importance of a trustworthy Bitcoin treasury tool in jurisdictions without access to spot Bitcoin ETFs. Such a merger will be a new phase in the fast development of Parataxis. The firm was founded in 2019 as Parataxis Capital Management; it is a digital asset investment manager to institutional clients. In June 2025, Parataxis bought a majority stake in Bridge Biotherapeutics in South Korea worth 18.3 million dollars. Its name was changed to Parataxis Korea, and it became the first treasury platform using Bitcoin in South…
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