Crypto Asset Manager Parataxis to Go Public in SPAC Merger, $640M
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Bitcoin Treasury
The SPAC deal will deliver up to $240 million to Parataxis Holdings, including $31 million of equity that will be funded immediately to purchase BTC.
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Sujha Sundararajan
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Sujha Sundararajan
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Last updated:
August 7, 2025
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Parataxis Holdings, an institutional digital asset manager, has confirmed a SPAC merger with SilverBox Corp IV to raise up to $640 million for a NYSE-listed Bitcoin treasury company.
The combined firm will be named Pubco and will trade under the ticker âPRTX,â an official release noted.
SPAC Earmarks $31M for BTC Purchase.
The special purpose acquisition company (SPAC) deal will deliver up to $240 million to Parataxis Holdings, subject to shareholder redemptions.
âThis includes $31 million of equity that will be funded immediately to purchase BTC,â the company said.
Further, the deal values the combined company at $400 million, at a $10 share price. The share purchase agreement will give Pubco the flexibility to raise additional capital as needed to support the continued accumulation of BTC, it added.
According to Parataxis CEO Edward Chin, the deal would make the new entity âwell capitalisedâ to execute a BTC...
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