Parataxis Holdings to Launch South Korea’s First Publicly Traded Bitcoin Treasury Company

Parataxis Holdings has announced its intention to establish South Korea’s first publicly traded Bitcoin treasury company, marking a significant development in the region's corporate adoption of cryptocurrency. The company plans to acquire a controlling stake in biotech firm Bridge Bio for $18.5 million, which will subsequently be renamed Parataxis Korea and will operate as a Bitcoin-focused treasury company.

This strategic move is inspired by the success of MicroStrategy, a prominent public company holding Bitcoin, which has amassed 592,100 BTC valued at over $61.4 billion. Parataxis partner Andrew Kim highlighted the long-term potential of Bitcoin for shareholders and its economic value for the nation, drawing parallels with MicroStrategy and Asia’s Metaplanet, which holds 10,000 BTC.

Despite South Korea’s stringent crypto regulations, including the ban on spot Bitcoin ETFs, there is growing momentum for corporate adoption. A 2025 pilot program allows 3,500 companies to open verified crypto accounts, and lawmakers are advocating for spot crypto ETFs and won-backed stablecoins by next year. Parataxis CEO Edward Chin emphasized that the Bitcoin strategy is designed to benefit both investors and the nation.

Parataxis Korea’s entry into the corporate Bitcoin race could position it as Asia’s next major player in the BTC market, potentially encouraging other firms across the region to adopt similar strategies. This development underscores the increasing acceptance and integration of Bitcoin within the corporate sector, reflecting a broader trend of institutional investment in cryptocurrency.