Digital asset management company Parataxis Holdings LLC has merged with Silverbox Corp IV. The merger is set to make NYSE public as the traded company by raising up to $640 million for the Bitcoin Treasury Department. The collaboration is named Parataxis Holdings Inc. and is specifically targeting the Korean and US markets.
The merger trades when it is published on the New York Stock Exchange (NYSE) under the PRTX ticker. Parataxis Holdings I’ll join Bitcoin exposure, unique growth opportunities, and profitable income generation. It had already targeted South Korea in the early days. The Korean company has announced its trading with Bridge Biotherapeutics, with stock prices rising about 4.5 times since June 20, 2025.
Parataxis Holdings’ merger with SBXD brings $640 million
Union It will provide approximately $240 million to the merger between Parataxis Holdings and SBXD, subject to redemption of Silverbox Corp IV (SBXD) shareholders. This total includes approximately $31 million in shares withdrawn from funds quickly raised for the purchase of BTC. Additionally, Crypto Asset Manager has agreed to a Stock Purchase Agreement (ELOC) allowing Holdco to issue up to $400 million in shares. When combined, these actions could generate up to $640 million to implement and speed up Bitcoin’s financial strategy.
Parataxis Holdco is worth around $400 million if each share is valued at $10 at the end of the merger. If the full amount of $400 million from the equity credit line is spent at $10 per share, the total amount will rise to $800 million. This assumes that investors will not withdraw before the closure and that no other funds have been added.
Edward Chin, founder and CEO of Crypto Asset Management company, commented that the announcement brings us closer to realizing his vision of establishing a public company that offers differentiated exposure. Bitcoin Through disciplined institutions investing in underserved markets.
Chin acknowledged that Parataxis Holdings is in a good position to implement its Bitcoin financial strategy in the US after the end of its contract with SBXD. He acknowledges SBXD’s support and states he is a great partner throughout the process and looks forward to continuing to work together.
Parataxis Holding Inc. joins Bitcoin financial trends along with strategy
Joe Reece, founding partner of SBXD and co-management partner of Silverbox Capital, has recognized the ED and Parataxis Holding teams to build a unique and highly scalable digital asset management platform.
The Crypto Asset Managing Firm and Holdco securities issued in transactions are not registered under the Securities Act of 1993.
The merger follows the ongoing institutional Bitcoin acquisition trend. Current Total for Bitcoin Finance Company Holdings It’s almost $415 billion. In July, approximately 166,000 BTC was accumulated by the Bitcoin finance company, increasing its total holding to $3.64 million, and today it is worth $41.534 billion.
Michael Saylor’s strategy had accumulated 31,466 BTC by the end of July, bringing a total of 628,791 BTC. The recent participant, Bitcoin Standard Finance Company, had accumulated 30,021 BTC. Ranking Fourth among the publicly listed Ministry of Finance. Trump Media and Technology Group held 18,430 BTC after the Capital Raising in May. Mara Holdings and XXX hold second and third place at 50,000 and 43,514 BTC, respectively.
Government holdings like the US Treasury also accumulated 10 BTC and 33 BTC of El Salvador, and Bhutan disposed of 776 BTC.
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