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Bitcoin asset management company Parataxis will go public via SPAC, with a valuation of 400 million USD.
Golden Finance reported that Bitcoin asset management company Parataxis Holdings announced it will merge with SilverBox Corp IV through a SPA (special purpose acquisition company) for a public listing. The post-merger entity is valued at $400 million, and if the additional share purchase rights are exercised, the valuation could double to $800 million. After the completion of the transaction, the new company will trade on the NYSE under the code "PRTX". It has currently raised 31 million dollars, which is planned for pre-IPO purchases of Bitcoin to provide shareholders with direct exposure to Bitcoin. Parataxis employs an active management strategy, servicing institutional clients such as pension funds and family offices.