๐ Institutional whale plans to acquire $BTC in large quantities.
Parataxis Holdings is teaming up with SPAC SilverBox IV to go public under the ticker PRTX and implement a โBTC treasuryโ strategy.
Almost every top company now understands that if you announce the sale of a $BTC or $ETH treasury, your stock will start to rise. The target markets are the US and South Korea. In Korea, the project is supported by Bridge Biotherapeutics. Parataxis Holdings is an investment company specializing in digital assets and wealth management strategies with a focus on Bitcoin.
Since the beginning of the year, corporate treasuries and funds have acquired 371,111 bitcoins, which is 3.75 times more than miners mined during the same period. Large companies continue to increase their digital assets, following the strategy of Michael Saylor. The largest exchange-traded funds have accumulated a significant part of the total bitcoin supply. ETFs manage nearly $151 billions worth of bitcoins, which is 6.47% of the total volume of digital gold issuance. Already 197 public and private companies have added bitcoin to their reserves. Retail investors have also switched to accumulation. Wallets with a balance of up to 100 BTC acquire about 17,000 BTC monthly
The trend of BTC accumulation continues, so we will see more than one ATH update for the asset, since this trend only becomes larger each time.
