Parataxis Holdings LLC Announces Definitive Agreement with Sinsiway Co. Ltd. (KOSDAQ: 290560), to Bring Institutionally-Backed, Ethereum Treasury Company to the South Korean Public Markets
Parataxis Holdings LLC (“Parataxis Holdings”), an affiliate of Parataxis Capital Management LLC (“Parataxis Capital” or “PCM”), together with other affiliated entities, has entered into a definitive agreement with Sinsiway Co. Ltd. (KOSDAQ: 290560) (“Sinsiway” or the “Company”) in a transaction valued up to KRW 35 billion, which would result in Parataxis Holdings affiliates holding a controlling interest in the Company (the “Transaction”). Following the closing of the Transaction, the Company intends to change its corporate name to Parataxis ETH, Inc. and remain listed on the KOSDAQ. The Transaction is subject to closing conditions.
Parataxis Holdings Reaches Key Milestones at Parataxis Korea, South Korea’s First Institutionally-Backed Public Bitcoin Treasury and Mining Platform
Parataxis Holdings LLC (“Parataxis Holdings” or the “Company”), an institutional digital asset management platform combining Bitcoin (“BTC”) exposure, proprietary growth opportunities, and accretive yield generation, today provided corporate updates highlighting significant operational progress at its South Korean investment, Parataxis Korea, Inc. (“Parataxis Korea”, KOSDAQ: 288330).
Bitcoin-Native, Institutional Digital Asset Management Platform Parataxis Holdings to Go Public via Combination with SilverBox Corp IV
Parataxis Holdings LLC (“Parataxis Holdings” or the “Company”), a preeminent, institutional digital asset management platform founded by principals of Parataxis Capital Management LLC (“PCM”), today announced it has entered into a definitive business combination agreement with SilverBox Corp IV (“SBXD”) (
NYSE: SBXD), a publicly listed special purpose acquisition company sponsored by SilverBox Sponsor IV (the “Sponsor”), an affiliate of SilverBox Capital LLC (“SilverBox Capital”). Once the proposed transaction (the “Business Combination”) is closed, the combined company will be named Parataxis Holdings Inc. (“Parataxis HoldCo” or “Pubco”) and seek to trade on the New York Stock Exchange (“NYSE”) under the symbol “PRTX.”
SilverBox Corp IV Announces Letter of Intent with Parataxis Holdings to Bring Bitcoin-Native Capital Platform to Public Markets
SilverBox Corp IV (“SBXD”) (
NYSE: SBXD), a publicly listed special purpose acquisition company sponsored by an affiliate of SilverBox Capital LLC (“SilverBox Capital”), today announced that it has entered into a non-binding letter of intent with Parataxis Holdings LLC (“Parataxis Holdings”), an affiliate of Parataxis Capital Management LLC (“PCM”), with respect to a proposed business combination between SBXD and Parataxis Holdings.
