Parataxis and SilverBox Corp IV Merge to Explore Bitcoin Treasury Opportunities in U.S. and South Korea
Main Idea
Parataxis Holdings and SilverBox Corp IV are merging to form a Bitcoin treasury company valued at $640 million, targeting the U.S. and South Korean markets.
Key Points
1. The merger is valued at $640 million and has boosted SilverBox's stock price by 1.32% in after-market trading.
2. Parataxis plans to use $31 million for immediate Bitcoin purchases and will enter the South Korean market through the merger.
3. SilverBox Corp IV has no outstanding debts from the SPAC, with previous debts cleared by early 2025.
4. The merger aims to enhance market access and investment opportunities in both the U.S. and South Korea.
5. Parataxis recently acquired Bridge Biotherapeutics Inc., renaming it Parataxis Korea to target South Korean companies in Bitcoin.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Parataxis Holdings is
Latest News
- Federal Reserve Explores Gold Revaluation Strategies That May Support Future U.S. Bitcoin Reserve Initiatives2025-08-07 09:53:38
- Aave Users Warned of Phishing Scams Promoted Through Google Ads Following $60 Billion Milestone2025-08-07 09:50:32
- Bitcoin’s Potential Q4 Surge: Can BTC Break $125K to Reach $200KBitcoin’s Potential Q4 Surge: Can BTC Break $125K to Reach $200K?2025-08-07 09:24:03
- Aave Shows Stability Near $265 as Net Deposits Exceed $60 Billion: Is a Breakout Possible?2025-08-07 09:23:32
- Toshi and Worldcoin Listings on Binance.US: Exploring Potential Price Movements and Market Reactions2025-08-07 08:45:50