Parataxis Agrees To Buy Control Of South Korea’s Sinsiway For $27M, Build Ether Treasury

Parataxis Holdings, a New York-based digital asset investment firm, said it agreed to buy most of South Korean data security company Sinsiway for $27.3 million and transform it into a publicly traded ether treasury firm.

Parataxis and unidentified affiliates will gain a controlling stake in the 20-year-old company. If approved by Sinsiway’s shareholders in January 2026, the company will be renamed Parataxis ETH, Inc. and retain its stock-exchange listing.

The renamed entity would become South Korea’s first ether-focused treasury platform backed by institutional capital from the U.S., according to the release.

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