Bitcoin News Today: Parataxis to Go Public via SilverBox SPAC Merger Raising $640M for Bitcoin Strategy

Parataxis Holdings, a Bitcoin-native asset manager, has confirmed a business combination with SilverBox Corp IV, a SPAC, to form a publicly traded entity on the New York Stock Exchange under the ticker symbol “PRTX.” The deal is expected to generate up to $640 million in gross proceeds, including $240 million from SilverBox’s trust and equity commitments and an additional $400 million from an equity line of credit [1].

A key component of the capital raise will be the allocation of $31 million to purchase Bitcoin as part of Parataxis’ long-term treasury strategy. The firm aims to build a structured plan for digital asset-backed investments and market opportunities, aligning with the growing trend of public companies holding Bitcoin as a treasury asset [1]. This strategy is designed to position Parataxis as a leading financial platform in the digital asset space.

The company will also focus on expanding in South Korea, a major crypto trading market without a Bitcoin ETF. Parataxis plans to offer institutional-grade Bitcoin access in this region, capitalizing on strong trading volumes and limited investment options. Earlier in June 2025, Parataxis Korea announced a transaction with Bridge Biotherapeutics, which led to a four-and-a-half-fold increase in the company’s share price, reinforcing the market’s positive reception to its strategy [1].

The merger has been approved by the boards of both companies and now awaits regulatory review by the U.S. Securities and Exchange Commission. Once cleared, the new entity will trade publicly under the name Parataxis Holdings Inc. [1]. The leadership team brings experience in managing institutional assets and executing special situations in the digital asset space, focusing on generating enhanced yields through BTC exposure and risk-adjusted returns [1].

Parataxis joins a growing number of firms adopting Bitcoin treasury strategies, with current Bitcoin treasury firms holding around $90 billion in assets. The move reflects broader institutional interest in Bitcoin as a strategic corporate treasury asset [1]. The firm’s institutional-grade governance and risk management frameworks aim to support this approach.

Parataxis is backed by SilverBox Capital, a strategic investment firm with expertise in structured finance and capital markets [1]. The firm has played a key role in facilitating the SPAC transaction and will continue to support the combined entity as it transitions into a publicly traded platform. The company has emphasized its commitment to transparency and compliance, noting that the transactions will be governed by SEC filings, including a registration statement and proxy/prospectus [1].

The SPAC structure allows Parataxis to accelerate its path to becoming a major player in the institutional digital asset management space. The transaction underscores the increasing institutionalization of Bitcoin and highlights the role of SPACs in facilitating capital-raising in the digital asset sector [1].

Source:

[1] Bitcoin-Native, Institutional Digital Asset Management ... (https://www.businesswire.com/news/home/20250806695621/en/Bitcoin-Native-Institutional-Digital-Asset-Management-Platform-Parataxis-Holdings-to-Go-Public-via-Combination-with-SilverBox-Corp-IV)