X @BSCN

Merger & Acquisition - Parataxis Holdings is merging with SilverBox Corp IV via a SPAC deal to establish a publicly listed Bitcoin treasury firm [1] - The combined entity, expected to trade under the ticker PRTX, aims to raise up to $640 million [1] Funding & Investment - Approximately $240 million is anticipated from the SPAC trust, contingent on redemptions [2] - An additional $400 million may be secured through a new equity line [2] - Parataxis plans an immediate deployment of $31 million to acquire Bitcoin [2] Market Strategy & Expansion - The company aims to offer institutional-grade BTC exposure in underpenetrated markets, including South Korea and the U S [2] - South Korea is identified as a high-impact market lacking a spot Bitcoin ETF, despite substantial trading volume [3] - The company intends to accumulate Bitcoin over time, mirroring MicroStrategy's model [3] Bitcoin Holdings & Market Position - The merger positions Parataxis to join public companies with significant BTC holdings, which are nearing $90 billion in total [3]