Parataxis to go public and form a $640m Bitcoin treasury through SPAC merger
The post Parataxis to go public and form a $640m Bitcoin treasury through SPAC merger appeared on BitcoinEthereumNews.com. Parataxis Holdings is merging with SilverBox Corp IV in a special purpose acquisition that includes the formation of a NYSE-traded Bitcoin treasury company worth $640 million. Summary Parataxis and SilverBox Corp IV are merging to form a Bitcoin Treasury targeting U.S. and South Korea markets. News of the merger boosted the stock price of SilverBox by 1.32% in the past day. In a recent press release, the two companies announced that the deal could “provide up to $640 million of gross proceeds” to fund a Bitcoin (BTC) treasury strategy listed on the New York Stock Exchange. As much as $31 million worth of equity in the deal will be used to immediately purchase Bitcoin. The firm also explained that the merger will include a share purchase agreement that would permit the issuance of up to $400 million in equity line of credit. News of the merger managed to boost the share price of SilverBox Corp, raising it by 1.32% in after-market sales. According to Yahoo Finance, the share price for SBXD now sits at $10.74 on August 7. Compared to how the share was performing in the past month, its a sharp contrast to the 3.37% dip it experienced since early July. Stock price of SilverBox Corp IV rises after news of the merger, August 7, 2025 | Source: Yahoo Finance The acquisition of SilverBox Corp IV through a SPAC agreement will enable Parataxis to list publicly on the NYSE under the ticker symbol PRTX, gaining access to the U.S. market. In turn, it also allows SilverBox to access the South Korean market as the digital investment firm has just recently started operating under a new name and focusing their operations on establishing a BTC reserve in Korea. Parataxis plans to build a Bitcoin treasury in South Korea According to…
The post Parataxis to go public and form a $640m Bitcoin treasury through SPAC merger appeared on BitcoinEthereumNews.com.
Parataxis Holdings is merging with SilverBox Corp IV in a special purpose acquisition that includes the formation of a NYSE-traded Bitcoin treasury company worth $640 million. Summary Parataxis and SilverBox Corp IV are merging to form a Bitcoin Treasury targeting U.S. and South Korea markets. News of the merger boosted the stock price of SilverBox by 1.32% in the past day. In a recent press release, the two companies announced that the deal could “provide up to $640 million of gross proceeds” to fund a Bitcoin (BTC) treasury strategy listed on the New York Stock Exchange. As much as $31 million worth of equity in the deal will be used to immediately purchase Bitcoin. The firm also explained that the merger will include a share purchase agreement that would permit the issuance of up to $400 million in equity line of credit. News of the merger managed to boost the share price of SilverBox Corp, raising it by 1.32% in after-market sales. According to Yahoo Finance, the share price for SBXD now sits at $10.74 on August 7. Compared to how the share was performing in the past month, its a sharp contrast to the 3.37% dip it experienced since early July. Stock price of SilverBox Corp IV rises after news of the merger, August 7, 2025 | Source: Yahoo Finance The acquisition of SilverBox Corp IV through a SPAC agreement will enable Parataxis to list publicly on the NYSE under the ticker symbol PRTX, gaining access to the U.S. market. In turn, it also allows SilverBox to access the South Korean market as the digital investment firm has just recently started operating under a new name and focusing their operations on establishing a BTC reserve in Korea. Parataxis plans to build a Bitcoin treasury in South Korea According to…
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