The encryption investment company Parataxis plans to go public through a SPAC, creating an aggressive Bitcoin reserve company.

Parataxis merged with SilverBox SPAC, plans to list on the New York Stock Exchange and build a bitcoin treasury, bringing a new investment model to institutions. (Synopsis: Founder of Pantera Capital: $65 to bottom the legend of bitcoin) (Background supplement: Helping giant whales ship 80,000 bitcoins, for institutional OTC, why is Galaxy Digital the most understanding of Crypto institutions on Wall Street? Cryptocurrency investment firm Parataxis Holdings announced its merger with special purpose acquisition company (SPAC) SilverBox Corp IV on June 6, and is expected to list on the New York Stock Exchange under the ticker symbol PRTX. SPAC Fast Track Kicks Off SPACs are seen as a shortcut to bypass the lengthy process of traditional IPOs, and the merger of Parataxis and SilverBox Corp IV (NYSE:SBXD) can be completed by shareholders and the U.S. Securities and Exchange Commission. According to publicly available information, the merger brings up to $240 million in cash for Parataxis, plus a $400 million share purchase agreement that has been signed, with a potential financing ceiling of $640 million. This huge ammunition not only secures the company's working capital, but also leaves room for subsequent acquisitions and the expansion of crypto products, some of which has been officially announced to be used to build a sizable "bitcoin treasury". New "Bitcoin Reserve" Listed Companies According to the explanation, Parataxis plans to use $31 million in equity funds to buy bitcoin first, and capture additional income in the volatility range; The strategy covers low-volatility trading, income optimization and other tools, and targets pension funds and family offices. To expand its global reach, Parataxis has acquired Bridge Biotherapeutics in South Korea and renamed it Parataxis Korea. The company said the move could provide an alternative channel in Asian markets that lack bitcoin spot ETFs, accelerating capital inflows. Challenges and observations However, Parataxis' outlook is not without shadows. Bitcoin's high volatility can still eat into short-term gains, as are regulatory variables. The transaction is subject to final SEC approval, and Parataxis' available cash will shrink if the shareholder redemption ratio is too high. In addition, Parataxis' Bitcoin strategy advertises "low-volatility trading" and "yield improvement", but whether market changes and counterparty structure can support long-term execution remains to be verified. However, if its bitcoin treasury model is successful, it will be interesting to see whether Parataxis can replicate this model in Asia and Oceania next, and even attract more SPAC cases to follow. Related reports Musk asked a serious question: Can quantum computers crack Bitcoin? Gave up! Spending 12 years to find 8,000 bitcoins from the junkyard, British engineers announced that they would tokenize their BTC The truth about the collapse of the world's sixth largest "LuBian roadside mining pool" was exposed: 127,000 bitcoins were stolen, now worth $14.5 billion (five years untouched) "Crypto investment company Parataxis intends to go public through SPAC to build an offensive bitcoin reserve enterprise" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".