Parataxis and SilverBox SPAC Launch $640 Million Bitcoin Treasury Company

Jakarta, Pintu News – Parataxis Holdings is set to become a new player in the world of Bitcoin treasury companies by announcing a merger with specialized acquisition company SilverBox Corp IV. The deal is expected to raise up to $640 million. The combined company plans to be listed on the New York Stock Exchange under the ticker symbol PRTX.

Check out the full information below!

Strategic Merger for Expansion

The merger between Parataxis Holdings and SilverBox Corp IV (Nasdaq: SBXD) is expected to generate approximately $240 million for Parataxis Holdings, subject to share redemption by SilverBox Corp IV shareholders.

Of this amount, around $31 million will be immediately used for Bitcoin (BTC) purchases. This marks a major step in the company’s strategy to strengthen their position in the global market. In addition to the merger, Parataxis has also signed a share purchase agreement that allows them to issue and sell up to $400 million in shares.

If the entire transaction is fully executed, the funds raised could total $640 million. These funds will be used to accelerate the company’s Bitcoin treasury strategy, which targets the US and South Korean markets.

Also read: Worldcoin (WLD) Price Surges 6.41% After Sam Altman Partners US Government with ChatGPT!

Market Expansion and Investment Strategy

Parataxis is not only focused on internal development, but has also taken a strategic step by signing definitive agreements with Parataxis Korea Fund I LLC and South Korean biotech company Bridge Biotherapeutics.

The deal aims to expand their Bitcoin treasury presence in South Korea, a market that is considered to have significant growth potential for cryptocurrency adoption.

The move follows in the footsteps of companies like MicroStrategy, which has inspired many other companies to adopt Bitcoin (BTC) accumulation strategies.

Currently, companies following a similar model have raised nearly $90 billion in Bitcoin (BTC), demonstrating the huge potential of this strategy in increasing company value in the eyes of investors and financial markets.

Also read: BlackRock to launch Ripple and Solana ETFs soon? Nate Geraci reveals this!

Parataxis Vision and Future

Edward Chin, founder and CEO of Parataxis Holdings, stated that today’s announcement is an important step towards realizing their vision of creating an exchange-listed entity that provides differentiated exposure to Bitcoin (BTC).

With a clear strategy and effective execution, Parataxis aims to become a leader in the Bitcoin treasury sector.

With a focus on innovation and adaptation in an ever-changing market, Parataxis Holdings seeks to not only keep up but also set new standards in digital asset management. This demonstrates their commitment to leveraging blockchain technology to optimize the full potential of digital assets.

Conclusion

With this strategic move, Parataxis Holdings establishes itself as a key player in the evolution of the digital finance market. Through collaboration with SilverBox SPAC and expansion into international markets, Parataxis is poised to capitalize on the opportunities offered by the growing digital economy.

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Reference

• Crypto Times. Parataxis Silverbox SPAC to Launch $640M Bitcoin Treasury Firm. Accessed on August 8, 2025
• Featured Image: Crypto Economy