ParataxisHoldings

Parataxis Holdings raises $640 million to establish a Bitcoin treasury company

Parataxis Holdings, a digital asset investment platform, has just announced plans to merge with SilverBox Corp IV (SPAC) to create a publicly listed Bitcoin treasury company on the New York Stock Exchange (#NYSE ) under the ticker PRTX. This deal will raise a total of $640 million.

Capital raising strategy and Bitcoin accumulation

The capital raising plan includes $240 million from SPAC, of which $31 million will be used immediately to purchase Bitcoin. Additionally, #ParataxisHoldings will receive another $400 million from the ELOC (Equity Line of Credit) to flexibly expand the Bitcoin treasury depending on market conditions.
Parataxis's model is similar to MicroStrategy, meaning it is a real business that holds Bitcoin as part of its financial strategy, but chooses to list through SPAC to quickly access the capital market.

Not just holding, but also profiting

What sets Parataxis apart is that it does not simply accumulate Bitcoin. The company also pursues a profitable Bitcoin treasury model, using derivatives and financial techniques to preserve capital while generating cash flow from the Bitcoin it holds.
With its strategy already implemented in the South Korean market, Parataxis is demonstrating its ambition to become one of the leading Bitcoin treasury companies. This move shows the growing trend of public companies shifting towards Bitcoin accumulation, reinforcing Bitcoin's position as a strategic asset. #anhbacong

🚨 Parataxis Holdings to Launch South Korea’s First Bitcoin Treasury Company
📢 In a bold and strategic move, Parataxis Holdings has announced plans to acquire a majority stake in Bridge Biotherapeutics — a biotech firm — with the intent to transform it into South Korea’s first Bitcoin Treasury company.
🔗 The plan? Hold Bitcoin as a reserve asset, aligning with a growing global trend of institutional crypto adoption.
🏦 This marks a historic shift in South Korea’s financial and corporate landscape, blending biotech innovation with the financial future of decentralized assets.
💡 As Bitcoin increasingly earns its place on corporate balance sheets, Parataxis is leading the charge in Asia’s fourth-largest economy.
#Bitcoin #ParataxisHoldings #DigitalAssets #Crypto #SouthKorea
https://coingape.com/parataxis-holdings-to-launch-south-koreas-first-bitcoin-treasury-company/

Parataxis Holdings 'Bitcoinizes' Bridge Biotherapeutics, Opening a New Era of Public BTC Treasury in South Korea

Parataxis Holdings has just announced the acquisition of Bridge Biotherapeutics for 25 billion won (~18.5 million USD) to transform this listed company into the first public Bitcoin treasury in South Korea.

#ParataxisHoldings is a digital asset investment company based in New York, specializing in developing Bitcoin accumulation strategies. Through this deal, the company will rename Bridge Bio to Parataxis Korea and bring the BTC treasury model to institutional investors in South Korea.

The new CEO of Parataxis Korea – Mr. Andrew Kim – stated:

'South Korea is the next strategic link in the global Bitcoin treasury wave.'

Meanwhile, founder Edward Chin emphasized that $BTC is increasingly becoming a global financial pillar and Parataxis Korea will create long-term value for shareholders and the economy.

Immediately after the acquisition announcement, Bridge Bio's (288330.KQ) stock surged nearly 40% over 5 sessions, reflecting strong investor confidence.

Parataxis also revealed that it is preparing additional specialized investment funds following the Bitcoin treasury model, expanding into other markets.

📌 Investor Warning: The trend of public companies accumulating BTC is a positive long-term trend, but investors should also be cautious of security risks, cold wallet governance, and the high price volatility of Bitcoin. #Korea