Parataxis Holdings to Go Public via $400 Million SPAC Deal

Parataxis Holdings is going public via a SPAC merger with SilverBox Corp IV, announcing plans to list as Parataxis Holdings Inc. under the ticker “PRTX” on the NYSE.

The merger values the combined company at $400 million at a $10 share price.
Parataxis can raise an additional $400 million through a share purchase agreement.
About $31 million has been raised for bitcoin (BTC) purchases, providing immediate asset exposure to shareholders.
Parataxis employs an active strategy for bitcoin management, focusing on income generation through low-volatility trading and treasury operations.
The firm serves institutional clients, including pension firms and family offices.
In June, Parataxis acquired a controlling stake in Bridge Biotherapeutics, renaming it Parataxis Korea to support its bitcoin treasury strategy.
Bridge shares increased by 350% post-announcement, reflecting investor interest.
South Korea's favorable conditions for digital assets and lack of a spot Bitcoin ETF present opportunities for BTC-focused firms.
The deal will allow expansion of U.S. treasury operations and exploration of other investment strategies.
The transaction awaits shareholder approval and SEC review.