Parataxis Holdings will merge with SilverBox Corp IV SPAC to raise 640 million USD to develop a Bitcoin investment fund on the NYSE.
After the merger, the new company will trade on the NYSE under the ticker PRTX, using the raised capital to expand cryptocurrency fund management focused on Bitcoin.
MAIN CONTENT
Parataxis Holdings and SilverBox Corp IV SPAC merge, aiming to raise 640 million USD.
The new company will be listed on the NYSE under the ticker PRTX.
240 million USD in initial capital will be used to purchase Bitcoin, 400 million USD from the issuance of additional shares.
What is the purpose of Parataxis Holdings collaborating with SilverBox Corp IV SPAC?
This merger aims to raise large capital to develop a cryptocurrency fund management company specializing in Bitcoin, thereby promoting investment activities and enhancing its position in the traditional financial market.
The merger helps Parataxis Holdings access 240 million USD in immediate capital, while also expanding the ability to issue additional shares of up to 400 million USD, creating a solid financial foundation for a continuous growth strategy.
How will the new company operate on the NYSE?
After the merger, the company will officially list on the New York Stock Exchange under the ticker symbol PRTX, enhancing brand recognition and reaching global investors.
Going public enhances transparency and credibility for Bitcoin fund operations, while facilitating new fundraising activities and developing professional investment funds.
This merger will create a capital flow of 240 million USD immediately to invest in Bitcoin, while the 400 million USD of new shares will support the development of the BTC fund management strategy.
Statement from Parataxis Holdings, August 2024
How will Parataxis Holdings use the raised capital?
The amount of 31 million USD out of the total initial capital of 240 million USD will be used immediately to buy Bitcoin for the fund, increasing liquidity and the value of the assets under management.
Along with the issuance of new shares worth up to 400 million USD, the company can expand operations and accelerate the execution of its Bitcoin fund management strategy, increasing competitive advantages in the promising cryptocurrency market.
What are the main benefits of this merger?
The deal helps Parataxis Holdings raise large capital, increase credibility through listing on the NYSE, and optimize the investment strategy in Bitcoin in a systematic and professional manner.
This allows the company to easily access large institutional and individual investors while enhancing asset management capabilities and achieving sustainable growth in the rapidly developing cryptocurrency market.
Frequently Asked Questions
What does the merger of Parataxis Holdings and SilverBox Corp IV SPAC mean?
Creating a new Bitcoin fund management company with capital up to 640 million USD and listing on the NYSE enhances scale and transparency of investment operations.
Which exchange will the new company trade on and what is the stock ticker?
The company will list on the New York Stock Exchange under the ticker PRTX.
How will the raised capital be used?
The initial 240 million USD will be used to purchase Bitcoin and an additional 400 million USD in capital will support the issuance of shares to expand operations.
How does listing on the NYSE benefit Parataxis Holdings' operations?
Increase credibility, expand capital raising capabilities, and reach global institutional investors.
What is the main investment strategy of the new company?
A fund management specializing in Bitcoin, optimizing returns with the support of substantial capital.
Source: https://tintucbitcoin.com/parataxis-goi-von-640-trieu-usd-ho-tro-bitcoin/
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