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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.
Parataxis Holdings said it is merging with SilverBox Corp IV SPAC to gather $640 million for a NYSE-traded Bitcoin treasury company https://t.co/lxBETdqfGW https://t.co/aRZPuwLcIi
PARATAXIS MERGES WITH SILVERBOX FOR $640M PUBLIC BITCOIN TREASURY FIRM - Parataxis Holdings is merging with SilverBox Corp IV in a SPAC deal aimed at creating a publicly listed Bitcoin treasury company. - The combined entity, to trade under the ticker PRTX, could raise up to https://t.co/yAzoy4JR6R
PARATAXIS HOLDINGS TO ACQUIRE UP TO $640M IN BITCOIN FOR TREASURY Parataxis Holdings has announced plans to purchase up to $640 million worth of Bitcoin to add to its treasury reserves. Source: @BTC_Archive https://t.co/gedXBgQH1x
