Parataxis Holdings is set to become the newest player in the growing space of publicly traded Bitcoin treasury companies. The firm is merging with SilverBox Corp IV, a special purpose acquisition company (SPAC), in a deal that positions it to go public on the New York Stock Exchange under the ticker symbol PRTX.
$640 Million Strategy to Acquire and Hold Bitcoin
The merger will give Parataxis an initial injection of $31 million in equity, which will be used right away to purchase Bitcoin. In addition, the company expects to raise another $240 million from SPAC investors, although the final amount will depend on shareholder redemptions. To further boost its capital, Parataxis has also signed a share purchase agreement allowing it to issue and sell up to $400 million in equity.
Altogether, the company could raise up to $640 million—funds earmarked for building a Bitcoin-centric treasury. This mirrors the aggressive strategy popularized by MicroStrategy’s Michael Saylor, who has made headlines for turning his firm into a major corporate holder of Bitcoin.
Expanding Globally, With Focus on U.S. and South Korea
While Parataxis is based in the United States, it is also actively expanding into Asia, particularly South Korea. In June, the company signed a definitive agreement with Bridge Biotherapeutics and Parataxis Korea Fund I LLC to launch a Korean Bitcoin treasury initiative. This move marks a major step in its global expansion and signals strong interest in cross-border crypto strategies.
The rise of Bitcoin treasury firms shows no signs of slowing down. Collectively, companies holding Bitcoin on their balance sheets now account for nearly $90 billion in digital assets. With its aggressive fundraising and acquisition plan, Parataxis is positioning itself as a key player in this rapidly evolving space.
As the company prepares to go public under the ticker PRTX, all eyes will be on how it executes its strategy—and whether it can capitalize on the growing institutional demand for Bitcoin exposure.
