Parataxis will use $31 million to buy Bitcoin as part of its long term treasury strategy.
The $640 million SPAC deal includes funds from a trust equity commitments and a credit line.
Parataxis plans to expand in South Korea which lacks a Bitcoin ETF but has strong trading volume.
Parataxis Holdings, a Bitcoin-native asset manager, has confirmed a business merger with SilverBox Corp IV. The deal could generate up to $640 million in gross proceeds. The new company, Parataxis Holdings Inc., will trade on the New York Stock Exchange under the ticker symbol “PRTX.”
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The funding includes $240 million from SilverBox’s trust and equity commitments. Additionally, Parataxis signed a share purchase agreement to raise up to $400 million through an equity line of credit. These steps could deliver the full $640 million needed to fund its future operations.
Aggressive Bitcoin Strategy Planned
Parataxis will use $31 million from the capital raise to buy Bitcoin. The company plans to steadily accumulate Bitcoin using its balance sheet. It aims to position itself as a financial platform for digital asset-backed investments and unique market opportunities.
This strategy aligns with a growing trend of public companies holding Bitcoin as part of their treasury. Parataxis joins this movement with a structured plan to use capital and market access for long-term exposure.
Focus on South Korea and Institutional Access
The firm will also expand in South Korea, one of the largest crypto trading markets without a Bitcoin ETF. Parataxis plans to offer institutional-grade Bitcoin access in this market. It sees strong potential in regions with high digital asset activity but limited investment products.
In June 2025, Parataxis Korea announced a transaction with Bridge Biotherapeutics. Since then, its share price rose about 4.5 times. This growth supports the company’s focus on South Korea as a key part of its strategy.
Regulatory Review and Market Listing Ahead
The boards of Parataxis and SilverBox have approved the merger. The deal now awaits approval by the U.S. Securities and Exchange Commission through a Form S-4 filing. Once cleared, the combined company will trade publicly under “PRTX.”
Parataxis joins other firms following the Bitcoin treasury model popularized by companies like MicroStrategy. Current Bitcoin treasury firms hold around $90 billion worth of assets. Parataxis intends to contribute to this space with its own structured plan.
With funding in place and a clear strategy, Parataxis aims to become a key player in digital asset management. Its focus on capital deployment and international reach highlights its ambition for long-term value creation.
