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