Bitcoin-focused asset manager Parataxis is going public in a $400M SPAC deal with SilverBox Corp IV, in a move that provides direct exposure to Bitcoin for future shareholders.
The firm will list on the NYSE under the ticker “PRTX.” With $31M raised already, the funds are earmarked for Bitcoin accumulation and strategic growth. Parataxis runs an active treasury model blending Bitcoin exposure with low-volatility yield generation, targeting institutional clients such as family offices and pension funds.
In June, the company acquired South Korea’s Bridge Biotherapeutics, now renamed Parataxis Korea, positioning it for expansion in Asia. Since the deal, Bridge’s shares have surged 350%, reflecting investor enthusiasm for Bitcoin-centric firms in regions without spot ETFs.
Parataxis’ strategy echoes Japan’s Metaplanet, which also saw massive stock gains after pivoting to Bitcoin. With strong investor demand and a clear international growth roadmap, Parataxis aims to redefine the Bitcoin treasury landscape through a diversified, revenue-generating model.
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