Parataxis Holdings has announced a merger with SilverBox Corp IV, which may lead to a public offering and significant growth for its Bitcoin treasury.
Merger and Going Public
On August 7, 2025, Parataxis Holdings announced its merger agreement with SilverBox Corp IV, aiming to go public while potentially raising $640 million for its Bitcoin treasury. Of this amount, $240 million will be immediately allocated, along with a $31 million private placement for immediate Bitcoin purchases. After the merger, Parataxis Holdings will be listed on the NYSE under the ticker 'PRTX', allowing the company to bypass traditional IPO processes and execute its BTC treasury strategy in both the U.S. and South Korea.
Acquisition of Bridge Bio Therapeutics
In June 2025, Parataxis Holdings acquired a controlling stake in Bridge Biotherapeutics in South Korea for 25 billion KRW. The deal was completed following shareholder approval in August 2025 and was subsequently renamed Parataxis Korea. This acquisition aims to establish South Korea's first Bitcoin native treasury platform, merging biotech operations with digital assets.
Support for Bitcoin Among Public Companies
Bitcoin has become a favored asset among publicly listed companies. According to data from BitcoinTreasuriesNet, Strategy, formerly known as MicroStrategy, ranks first with 628,792 BTC. This is followed by Marathon Digital with 50,000 BTC and others like Riot Platform and Metaplanet Inc. Overall, 163 publicly listed companies hold 961,760 Bitcoins, while private companies possess 293,375 BTC.
The merger of Parataxis Holdings with SilverBox Corp IV marks a significant step for the company in the Bitcoin space, expanding its financial market presence and intentions to create an innovative platform for digital assets.
