X @BSCN

Merger & Funding - Parataxis Holdings is merging with SilverBox Corp IV via a SPAC deal to establish a publicly listed Bitcoin treasury company [1] - The combined entity, trading as PRTX, aims to raise up to $640 million [1] - Approximately $240 million is expected from the SPAC trust, contingent on redemptions, with a potential additional $400 million through a new equity line [1] Bitcoin Strategy - Parataxis plans to immediately allocate $31 million to Bitcoin acquisition [1] - The company intends to accumulate Bitcoin over time, mirroring MicroStrategy's strategy [3] - This positions Parataxis among public companies holding substantial BTC, nearing a total of $90 billion [3] Market Focus - The firm aims to offer institutional-grade BTC exposure in underpenetrated markets like South Korea and the U S [2] - Parataxis Korea experienced a 450% share price increase since June following a deal with Bridge Biotherapeutics [2] - South Korea is identified as a high-impact market lacking a spot Bitcoin ETF, despite significant trading volume [2]