Parataxis Holdings Announces Acquisition of Majority Stake in South Korea's Sinsiway for Approximately $27.30 million
2025-12-03 13:06:15
Parataxis Holdings, a New York-based digital asset investment firm, has announced that it has agreed to acquire a majority stake in South Korean data security company Sinsiway for 40 billion won (about $27.30 million) and transform it into a publicly traded Ethereum reserve company. If approved by Sinsiway shareholders in January 2026, the company will be renamed Parataxis ETH, Inc. and retain its listing status, which will become South Korea's first Ethereum-focused reserve platform backed by US institutional capital. Parataxis' move is part of its strategy to bring digital assets to the public market, following the launch of Parataxis Korea, which focuses on bitcoin reserves. Entities focused on Ethereum will hold Ethereum as their core strategy, linking traditional finance with on-chain assets.
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