Parataxis
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🚨 #Parataxis to Go Public with $640M SPAC Deal — Big Bitcoin Plans Ahead! 🚨
A bold move is unfolding in the crypto world — Parataxis, a digital asset management firm, is set to go public through a $640 million SPAC merger with SilverBox Corp IV. And the mission? Build a powerful Bitcoin-focused public company from day one!
🔹 What’s Happening?
• 🧾 Parataxis is merging with SPAC SilverBox
• 🪙 Aims to raise $640 million to create a Bitcoin treasury
• 💼 The new company will trade as Parataxis Holdings Inc. (#PRTX ) on the NYSE
🔹 Where’s the Money Going?
• 💰 $240M from the merger
• 🔓 $400M in equity line of credit (ELOC)
• 🚀 $31M immediately set aside to buy Bitcoin — giving direct exposure from day one
🔹 Why It Matters:
• 🏦 #Parataxis isn’t just HODLing — it plans to manage BTC actively and generate yield
• 🌏 Expanding globally with a strong launch in South Korea (Parataxis Korea)
• 📈 Korean stock already pumped 4.5x since June — investor excitement is real
🔹 Big Picture:
#Parataxis is joining the likes of MicroStrategy, but with a twist — yield + exposure + global strategy. If approved, this could become one of the most innovative BTC-centric public listings yet.
👉 All eyes on PRTX — the next potential Bitcoin powerhouse on Wall Street!
A bold move is unfolding in the crypto world — Parataxis, a digital asset management firm, is set to go public through a $640 million SPAC merger with SilverBox Corp IV. And the mission? Build a powerful Bitcoin-focused public company from day one!
🔹 What’s Happening?
• 🧾 Parataxis is merging with SPAC SilverBox
• 🪙 Aims to raise $640 million to create a Bitcoin treasury
• 💼 The new company will trade as Parataxis Holdings Inc. (#PRTX ) on the NYSE
🔹 Where’s the Money Going?
• 💰 $240M from the merger
• 🔓 $400M in equity line of credit (ELOC)
• 🚀 $31M immediately set aside to buy Bitcoin — giving direct exposure from day one
🔹 Why It Matters:
• 🏦 #Parataxis isn’t just HODLing — it plans to manage BTC actively and generate yield
• 🌏 Expanding globally with a strong launch in South Korea (Parataxis Korea)
• 📈 Korean stock already pumped 4.5x since June — investor excitement is real
🔹 Big Picture:
#Parataxis is joining the likes of MicroStrategy, but with a twist — yield + exposure + global strategy. If approved, this could become one of the most innovative BTC-centric public listings yet.
👉 All eyes on PRTX — the next potential Bitcoin powerhouse on Wall Street!
See original
🇰🇷 Urgent: Parataxis Acquires Bridge Biotherapeutics to Launch Bitcoin Platform in South Korea!
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📈 Institutional Bitcoin Platform in Korea:
Parataxis Holdings has acquired South Korean company Bridge Biotherapeutics for $18.5 million. The move aims to launch an institutional-backed Bitcoin treasury platform in the Korean public markets.
━━━━━━━━━━━━━━━
💡 Importance of the Deal:
* 💰 Huge Investment: Demonstrates a significant commitment to expanding Bitcoin's presence in Asia.
* 🌐 Korean Market: Aims to provide institutional access to Bitcoin in the Korean public market.
* 🚀 Institutional Adoption: Enhances confidence in Bitcoin as a strategic asset for treasuries.
❓ Do you see this move opening the door for more institutional investments in Bitcoin in Asian markets?
━━━━━━━━━━━━━━━
📍 If you liked the content, support me with a like and follow to receive all the new updates
LEGENDARY_007
#CryptoNewss #LEGENDARY_007 #Korea #BTC #Parataxis
━━━━━━━━━━━━━━━
📈 Institutional Bitcoin Platform in Korea:
Parataxis Holdings has acquired South Korean company Bridge Biotherapeutics for $18.5 million. The move aims to launch an institutional-backed Bitcoin treasury platform in the Korean public markets.
━━━━━━━━━━━━━━━
💡 Importance of the Deal:
* 💰 Huge Investment: Demonstrates a significant commitment to expanding Bitcoin's presence in Asia.
* 🌐 Korean Market: Aims to provide institutional access to Bitcoin in the Korean public market.
* 🚀 Institutional Adoption: Enhances confidence in Bitcoin as a strategic asset for treasuries.
❓ Do you see this move opening the door for more institutional investments in Bitcoin in Asian markets?
━━━━━━━━━━━━━━━
📍 If you liked the content, support me with a like and follow to receive all the new updates
LEGENDARY_007
#CryptoNewss #LEGENDARY_007 #Korea #BTC #Parataxis
#Parataxis , a #BTC investment company, is planning a public listing through a merger with SPAC. #Cointelegraph
See original
🔥 Parataxis Acquires Korean Biotech Firm to Create Bitcoin Treasury
Parataxis Holdings will launch a Bitcoin treasury platform in South Korea through the acquisition of Bridge Biotherapeutics for 25 billion Korean won ($18.5 million). The company will be renamed Parataxis Korea and will operate as an institutional Bitcoin treasury, helping Korean institutions access BTC despite regulatory barriers.
South Korea currently does not allow ETFs and institutional crypto investments, but is testing the opening of “real-name” accounts for 3,500 corporations and professional investors by 2025.
Parataxis said it was inspired by models such as Strategy (US) and Metaplanet (Japan), expecting South Korea to be an important market in the institutional Bitcoin wave.
#bitcoin #BTC #Parataxis
Parataxis Holdings will launch a Bitcoin treasury platform in South Korea through the acquisition of Bridge Biotherapeutics for 25 billion Korean won ($18.5 million). The company will be renamed Parataxis Korea and will operate as an institutional Bitcoin treasury, helping Korean institutions access BTC despite regulatory barriers.
South Korea currently does not allow ETFs and institutional crypto investments, but is testing the opening of “real-name” accounts for 3,500 corporations and professional investors by 2025.
Parataxis said it was inspired by models such as Strategy (US) and Metaplanet (Japan), expecting South Korea to be an important market in the institutional Bitcoin wave.
#bitcoin #BTC #Parataxis
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