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Bitcoin asset manager Parataxis to list through SPAC, valued at $400 million

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2025-08-06 22:24:37
Bitcoin asset manager Parataxis Holdings announced that it will merge with SilverBox Corp IV through a SPAC (Special Purpose Acquisition Company), valuing the combined entity at $400 million, and doubling the valuation to $800 million if additional share purchase options are exercised.
Once the deal is completed, the new company will trade on the NYSE under the symbol "PRTX". It has raised $31 million and plans to use it to buy bitcoin before going public, providing shareholders with direct bitcoin exposure. Parataxis uses an active management strategy to serve institutional clients such as pensions and family offices.
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