Parataxis Holdings Merges with SPAC to Create $640M Bitcoin Treasury

Parataxis Holdings LLC, a digital asset management firm, is going public on the NYSE through a merger with the Special Purpose Acquisition Company (SPAC), SilverBox Corp IV (SBXD). The new entity, named Parataxis Holdings Inc., will trade under the ticker PRTX.

The primary goal of the merger is to establish a Bitcoin Treasury, targeting both the U.S. and South Korean markets. The collaboration is set to raise up to $640 million to execute this strategy. This funding comes from two main sources:

• Approximately $240 million from the SBXD merger, which includes a $31 million equity investment.
• Up to $400 million from a share purchase agreement, allowing the company to issue new equity.

According to Edward Chin, CEO of Parataxis Holdings, this move will position the company to provide institutional investors with a differentiated and disciplined way to gain exposure to Bitcoin. This strategy aligns with a broader trend of institutional Bitcoin accumulation, as companies like Michael Saylor's Strategy and others continue to build significant BTC treasuries. As of July, Bitcoin treasury companies held a total of nearly $415 billion in Bitcoin.

August 2025, Cryptoniteuae