Bitcoin News Today: Parataxis to Go Public via $400M SPAC Merger with SilverBox Corp IV

Parataxis, a digital asset manager focused on Bitcoin, is set to become a publicly traded company through a $400 million SPAC merger with SilverBox Corp IV. The deal, announced in a press release, will rebrand the firm as Parataxis Holdings Inc. and list it on the New York Stock Exchange under the ticker symbol PRTX. The newly public entity will focus on expanding its Bitcoin treasury strategies across the U.S. and South Korea, leveraging institutional-grade infrastructure to scale its operations [1].

The SPAC transaction includes a potential for additional funding, with Parataxis already having secured $31 million in capital ahead of the listing. This sum will be used to purchase Bitcoin, offering immediate exposure to the asset for future shareholders. The firm operates an active strategy that combines market exposure with yield-generating techniques, distinguishing itself from other companies that primarily hold Bitcoin [2].

In June, Parataxis made a strategic move into the South Korean market by acquiring a controlling stake in Bridge Biotherapeutics, a KOSDAQ-listed healthcare firm. The firm will be rebranded as Parataxis Korea and will serve as a regional base for its Bitcoin treasury strategy. South Korea’s large user base, political support for digital assets, and lack of a spot Bitcoin ETF position it as a strategic market for Parataxis’s expansion [3].

The SPAC deal also provides Parataxis with an opportunity to expand its U.S. treasury operations and explore other investment opportunities, including “special situations.” The company aims to become one of the few publicly listed firms offering direct and active exposure to Bitcoin outside of an ETF structure. The transaction is expected to close upon receiving shareholder approval and completing a review by the Securities and Exchange Commission [4].

The move reflects a broader trend of traditional financial institutions entering the crypto space, using SPACs as a vehicle for rapid capitalization and market entry. Parataxis’s strategy aligns with the increasing institutional interest in Bitcoin as a core treasury asset. As the firm prepares for public market scrutiny, its execution on Bitcoin treasury strategies will be closely observed by investors and the broader crypto industry [5].

Sources:

[1] Yahoo Finance (https://uk.finance.yahoo.com/news/bitcoin-asset-manager-parataxis-public-214455817.html)

[2] AInvest (https://www.ainvest.com/news/bitcoin-news-today-parataxis-merges-spac-raise-640m-public-bitcoin-treasury-strategy-2508/)

[3] CoinDesk (https://www.coindesk.com/markets/2025/08/06/bitcoin-asset-manager-parataxis-to-go-public-in-usd400m-spac-deal-backed-by-silverbox)

[4] X (https://x.com/BitBoxNews/status/1953244753916465477)

[5] CoinEdition (https://cryptorank.io/news/feed/94af3-strategy-buys-additional-21021-btc-as-new-corporate-treasury-firms-emerge)