Parataxis Raises $640M in SPAC Merger to Power Bitcoin Treasury

Parataxis Raises $640M in SPAC Merger to Power Bitcoin Treasury

Parataxis's Bitcoin treasury strategy grows after $640M SPAC crypto merger with Silverbox, boosting institutional Bitcoin investments.

$640M Bitcoin Treasury Strategy - Parataxis To Go Public

Parataxis Holdings, an institutional digital asset manager, announced its intention to go public through a Special Purpose Acquisition Company (SPAC). According to a press release on Businesswire, Parataxis intends a SPAC merger with SilverBox Corp IV to raise up to $640 million for a Bitcoin treasury company. Once the proposed business combination is complete, the newly formed company will be named Pubco and will be listed on the New York Stock…

Bitcoin celebs now sell shitcoin treasury companies. \ stacker news ~bitcoin

Practically everyone on bitcoin Twitter with an open identity has turned into a seller of treasury company stocks, aka shitcoins. Only anonymous accounts and a few openly identified individuals who haven't sold their souls remain with any genuine message left. Personally, I'm extremely pessimistic about all these BTC-TCs. The only one that's probably going to survive is MSTR, but even it will underperform bitcoin going forward. And let's not for…

LATEST: Parataxis Holdings Buying Bitcoin With $640 Million Treasury Fundraising Plan

Parataxis Holdings is set to merge with SilverBox Corp IV, a SPAC, to form a Bitcoin treasury company that plans to go public on the New York Stock Exchange under the ticker PRTX. The move aims to secure up to $640 million to support an aggressive Bitcoin acquisition and holding strategy. The deal will immediately provide $31 million in equity to purchase Bitcoin, with an additional $240 million expected from SPAC investors, pending shareholder …

Parataxis Holdings Expands to South Korea with Bold Bitcoin SPAC Merger.

Parataxis Holdings has made the news with a treasury strategy that embeds Bitcoin into its corporate infrastructure and future growth path. The company has entered into a $640 million SPAC merger with SilverBox Corp IV to go public on the NYSE under ticker “PRTX.” Of the newly raised capital, $31 million will be deployed immediately to buy Bitcoin. The SPAC structure provides upfront funding of $240 million plus a $400 million equity line of cre…