Bitcoin-native Parataxis to go public in SPAC deal with SilverBox, targeting 640 million USD raise

Parataxis Holdings is set to go public through a merger with SilverBox Corp IV, aiming to raise 640 million USD. The new company, listed under the ticker PRTX, plans to utilize 31 million USD for Bitcoin acquisitions as part of an aggressive strategy.

CEO Edward Chin noted that the deal reflects a commitment to offering institutional-grade Bitcoin exposure. Parataxis aims to expand in South Korea, leveraging market opportunities in digital assets, following its merger with SilverBox.