According to the press release dated August 07, 2025, Parataxis Holdings has agreed to merge with a special purpose acquisition company, SilverBox Corp IV, with an aim to go public in a transaction potentially raising $640 million for Bitcoin treasury.
With this development $240 million will be delivered and $31 million private placement to immediately buy Bitcoin, yet Parataxis holds the right to raise up to $400 million post-merger through an equity line of credit.
Following this definitive business combination agreement, Parataxis Holdings will be listed on the NYSE under the ticker ‘PRTX,’ helping it bypass the traditional IPO processes and positioning it to execute BTC treasury strategy in both the United States and South Korea.
Joe Reece, Founding Partner of SBXD and Co-Managing Partner of SilverBox Capital, added, “Ed and the team at Parataxis Holdings have built a unique and highly scalable digital asset management platform that offers exposure to a cutting-edge strategy at an institutional-grade level. We are proud to have been the partner of choice for Parataxis Holdings, and we look forward to bringing this differentiated platform to the public market.”
It is worth noting that the deal came at a notional share price of $10.00, and the equity value is estimated at $400 million, with a potential 2x if the equity line of credit is fully used.
Parataxis acquired Bridge Bio Therapeutics Inc. to expand in SK
Parataxis Holdings LLC, in June this year, acquired controlling stakes in Bridge Biotherapeutics of South Korea for 25 billion KRW. The deal was finalized after shareholders’ approval in August 2025, after which it was renamed as Parataxis Korea.
With this acquisition, the company aims to establish South Korea’s first Bitcoin native treasury platform, merging biotech operations with digital assets.
Market experts argue that the move of Parataxis seems to be motivated by companies like Strategy (earlier MicroStrategy) and Metaplanet of Japan that are already involved in Bitcoin buying and also operating their core business.
Bitcoin is becoming the favorite of publicly listed companies
According to the data from BitcoinTreasuriesNet, Strategy is the topper among publicly listed companies in terms of Bitcoin holdings as it holds 628,792 BTC, followed by Marathon Digital, which had 50,000 BTC, XXI has 43,514 BTC, Bitcoin Standard Treasury Company holds 30,021 coins, Riot Platform had a BTC balance of 19,239, and Metaplanet Inc had 17,595 Bitcoin.
There are 163 publicly listed companies holding BTC and collectively had 961,760 Bitcoins, from which 54 companies are based in the United States, around 32 of them are headquartered in Canada, 11 in the United Kingdom, 8 in China, and 8 in Japan.
On the other hand, the total Bitcoins held by private companies has now reached 293,375, of which the highest 164,000 BTC is owned by Block(dot)one, followed by Tether Holdings Limited, Stone Ridge Holdings Group, SpaceX, The Tezos Foundation, Ionic Digital Inc., and Zap Solution Inc.
