Parataxis Merges With SilverBox SPAC in $640 Million Bitcoin Treasury Push

Asset manager Parataxis Holdings said it will merge with blank-check company SilverBox Corp IV in a move intended to create a publicly listed vehicle dedicated to holding Bitcoin.

The combined entity plans to raise up to $640 million and deploy the proceeds to purchase Bitcoin for its treasury reserves. Following the merger, the company is expected to list on the New York Stock Exchange under the ticker PRTX, adding to a growing roster of corporates seeking direct exposure to the cryptocurrency on their balance sheets.

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