key takeaways
- Parataxis holdings, Silverbox Corp IV will be publicly gone through the $ 640 million SPAC merger and listed under the Tikar PTX.
- The company will allocate $ 31 million for bitcoin acquisition and aims to expand its digital asset investment platform in South Korea.
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Bitcoin-essate manager parataxis holdings have been designed to publicly go public through a commercial combination with the Silverbox Corp IV (SBXD) in a deal, which can provide up to $ 640 million in gross procedures company on Wednesday.
The new company will be called Parataxis Holdings Inc. (Parataxis Holdco) and plans to trade on New York Exchange under Tikar “PRTX”.
Transactions can provide parataxis access to $ 640 million in capital, use $ 240 million from SPAC Trust and equity commitments $ 240 million and $ 400 million to use $ 400 million via $ 400 million equation line (Eloc).
As the announcement, the parataxis will allocate $ 31 million for bitcoin acquisition from the capital rise. The company aims to execute a Jugal BTC Treasury Strategy, which is in a position of property-supported investment and specialized situations using its balance sheet to deposit bitcoins over time.
Edward Chin, CEO of Parataxis, said the deal has marked the progress towards listing a firm that provides institutional-grade bitcoin exposure in the underscribed markets. Not that, that the company will be well capitalized to expand its current in South Korea after the company executes a BTC Treasury strategy in the US and ending the trade community with SBXD.
He said, “We will also be posted to establish and glorify our gradual food in South Korea with Parataxis Korea. Through this process partners, and we are ready to continue working with them,” he said.
The team of Ed and Parataxis Holdings has created a unique and highly scalable digital asset management platform platform, providing an exposure for a state-of-the-art strategy in the ress, which is the founder partner of SBXD and co-relations of Silverbox Capital.
The company operated Parataxis Korea, with the price of the scene about 4.5x sins on June 20, 2025, when it announced its transactions with biotheraperptics. The South Korean market represents a strategic opportunity as one of the largest markets for Digital Asset Trading Volumes without Bitcoin ETF.
The transaction is approved by boards of both companies and is expected to be closed.
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