Parataxis merges with SilverBox to raise $640M, aiming to lead institutional Bitcoin treasury strategy and expand in Asia.
Parataxis Holdings has announced a major merger with SilverBox Corp IV, a special purpose acquisition company (SPAC), to raise to $640 million. This deal aims to launch a Bitcoin treasury company that will be listed on the New York Stock Exchange. The news appears as the world increasingly shows interest in institutional investments in cryptocurrencies such as Bitcoin.
Parataxis Pushes for Bitcoin Growth in Asia Post-Merger
The overall funding consists of up to 240 million dollars provided by the SPAC, but it depends on the redemptions by the shareholders. Furthermore, Parataxis has entered a purchase share agreement in which it gets up to $400 million. This total sum will be divided into the immediate purchases of Bitcoin for $31 million. This lends credence to that the company expects to make a bright entry in the Bitcoin treasury sector.
Parataxis aims to deliver institutional-grade Bitcoin exposure. In its plan, it has treasury management and services that yield, which are meant to refine serious investors. The company also plans to create a scalable platform for Bitcoin investment, especially in new markets such as South Korea, as stated by its Chief Executive Officer, Edward Chin. In addition, he emphasized the importance of a trustworthy Bitcoin treasury tool in jurisdictions without access to spot Bitcoin ETFs.
Such a merger will be a new phase in the fast development of Parataxis. The firm was founded in 2019 as Parataxis Capital Management; it is a digital asset investment manager to institutional clients. In June 2025, Parataxis bought a majority stake in Bridge Biotherapeutics in South Korea worth 18.3 million dollars. Its name was changed to Parataxis Korea, and it became the first treasury platform using Bitcoin in South Korea. After this announcement, shares of Bridge gained 350% and this is evidence of investor confidence.
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Parataxis Aims Big with Public Listing and Bitcoin Push
Later that same month, Parataxis signed a non-binding letter of intent with SilverBox Corp IV. This move showed its intention of intending to make public. SilverBox was itself a $200 million raised IPO in August 2024, and this made it an apt ally to the Bitcoin company with grand aspirations. The successful merger in August 2025 brings Parataxis closer to its goal of leading the corporate Bitcoin treasury space. Moreover, it positions the firm to follow in the footsteps of MicroStrategy, which holds over 628,000 BTC worth approximately $72.4 billion. As a result, Parataxis is gaining traction as a serious player in the digital asset market.
This transaction is also an indication of a market trend. To date, 289 corporations own 3.65 million Bitcoin in the world. This is a 4.3 percent increment in the past one month alone with the interest in the corporations growing. South Korea has a great demand in digital assets, yet it does not show a space Bitcoin ETF, and this will be a great selling point of Parataxis.
Despite these risks, the outlook for Parataxis appears promising. Parataxis uses an innovative approach to support Bitcoin adoption. In addition, it brings in new capital to strengthen its efforts. As the market rises, the firm continues to grow. If it succeeds, Parataxis could set a new standard for crypto companies entering public markets.
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