#BitcoinSPACDeal Parataxis, an asset manager for Bitcoin, will merge with SilverBox Corp IV in a $640 million USD special purpose acquisition company (SPAC) deal.

The resulting company will be named Parataxis Holdings Inc. and will trade on the New York Stock Exchange under the ticker PRTX.

The deal includes $240 million USD from the SPAC trust and equity commitments, as well as $400 million USD through an equity line of credit (ELOC) ¹.