Parataxis Holdings and SilverBox Corp IV announced their merger, which will lead to the creation of a Bitcoin treasury valued at $640 million, targeting the U.S. and South Korean markets.
Merger Details
According to a recent press release, the merger is expected to raise up to $640 million to fund Bitcoin treasury strategies, which will be listed on the New York Stock Exchange. Additionally, up to $31 million will be used for immediate Bitcoin purchases.
Plans to Establish a Bitcoin Treasury
The merger will serve as a foundation for the establishment of a Bitcoin treasury focused on U.S. and South Korean markets. In June 2025, Parataxis acquired the South Korean biotechnology company Bridge Biotherapeutics Inc. and renamed it Parataxis Korea, aiming to create the country's first Bitcoin treasury platform.
Company Debt Obligations
According to a Form 10-K filing with the Securities and Exchange Commission, SilverBox Corp IV has no outstanding debts. However, as of June 2024, the company reported current debt of $109,000 that was repaid by the first quarter of 2025. Parataxis also shows no indications of long-term debts.
The merger between Parataxis and SilverBox Corp IV opens new opportunities for creating a Bitcoin treasury in South Korea and the USA, potentially fostering further growth of digital assets in these regions.
