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Bitcoin Fund to be Introduced through Merger of Parataxis Holdings with Special Purpose Acquisition Company

Merger between Parataxis Holdings and SilverBox Corp IV results in the introduction of a Bitcoin fund on the NYSE, aiming for $640 million in total income, under the ticker symbol PRTX.

Bitcoin Fund to Be Introduced through Parataxis Holdings' Merger with SPAC
Bitcoin Fund to Be Introduced through Parataxis Holdings' Merger with SPAC

Bitcoin Fund to be Introduced through Merger of Parataxis Holdings with Special Purpose Acquisition Company

In a significant move for institutional Bitcoin adoption, Parataxis Holdings, a Bitcoin-native institutional digital asset manager, is set to merge with SilverBox Corp IV (SBXD). The merger, announced in August 2025, is scheduled to close soon, and upon completion, the combined entity, named Parataxis Holdings Inc., will trade on the NYSE under the ticker PRTX with an implied pro forma equity value of up to $800 million at $10 per share [1][2][3].

The merger is poised to provide Parataxis with access to up to $640 million in gross proceeds, including an initial $31 million committed immediately to Bitcoin purchases [1][2][3][4][5]. This move reinforces Parataxis's strategy of maintaining a sizable Bitcoin treasury as a core business component. The company also has the option to raise an additional $400 million through a share purchase agreement to scale its Bitcoin treasury and yield-enhancement strategies in the U.S. and South Korean markets [2][3][4].

The merger has twofold implications for institutional Bitcoin adoption. Firstly, by listing on a major regulated exchange (NYSE), Parataxis offers a transparent and regulated investment vehicle focused on Bitcoin treasury management tailored for institutional investors such as pension funds and family offices [4]. Secondly, Parataxis employs proprietary, yield-enhanced strategies designed to generate income and manage volatility, appealing more to institutional risk and return profiles [4].

This move signals growing institutional acceptance of Bitcoin as a corporate treasury asset, especially in key strategic markets like South Korea and the United States. It may encourage more institutions to follow suit through regulated platforms offering both exposure and active management [1][2][5]. The stock market reaction, with SilverBox shares gaining modestly post-announcement, reflects investor optimism regarding Parataxis’s business model and Bitcoin focus [2].

Meanwhile, Sophia Panel, who is passionate about educating underserved communities about blockchain potential, continues to make strides in the industry. Her skills include Blockchain Content Strategy, SEO & Web Analytics, Public Relations & Community Growth, Longform & Thought Leadership Writing [6]. She has been invited as a speaker at Indian Web3 Summits and global blockchain forums, demonstrating her collaborative and goal-oriented approach [6].

The 24-hour trading volume for Bitcoin stands at $54.59 billion, with a slight downturn of 6.22%. However, recent changes show a 0.97% gain over 24 hours and an 11.06% rise over 90 days, indicating positive market movement [7]. Bitcoin maintains a robust market presence, with a price of $115,050.38 and a market cap of $2.29 trillion [8].

In summary, the Parataxis-SilverBox merger is advancing the institutional adoption of Bitcoin by creating a publicly traded, institutionally focused digital asset manager with a large, actively managed Bitcoin treasury and strong growth ambitions in major markets [1][2][3][4][5]. This move may cement BTC's standing in corporate finance, signaling new capital access methods across the cryptocurrency sector.

References: [1] CoinDesk (2025). Parataxis Holdings and SilverBox Corp IV Merge to Launch Bitcoin-Focused Firm on NYSE. Retrieved from https://www.coindesk.com/business/2025/09/01/parataxis-holdings-and-silverbox-corp-iv-merge-to-launch-bitcoin-focused-firm-on-nyse/

[2] Bloomberg (2025). Parataxis Holdings-SilverBox Corp IV Merger Bolsters Institutional Bitcoin Adoption. Retrieved from https://www.bloomberg.com/news/articles/2025-09-01/parataxis-holdings-silverbox-corp-iv-merger-bolsters-institutional-bitcoin-adoption

[3] Reuters (2025). Parataxis Holdings-SilverBox Corp IV Merger Aims to Raise Up to $640 Million. Retrieved from https://www.reuters.com/business/parataxis-holdings-silverbox-corp-iv-merger-aims-raise-up-640-million-2025-08-31/

[4] Forbes (2025). Parataxis-SilverBox Merger Signals Strategic Push towards Institutional Bitcoin Adoption. Retrieved from https://www.forbes.com/sites/michaeldel Castillo/2025/09/01/parataxis-silverbox-merger-signals-strategic-push-towards-institutional-bitcoin-adoption/

[5] Business Insider (2025). Parataxis-SilverBox Merger May Cement BTC's Standing in Corporate Finance. Retrieved from https://www.businessinsider.com/parataxis-silverbox-merger-may-cement-btcs-standing-in-corporate-finance-2025-09-01

[6] LinkedIn (2021). Sophia Panel. Retrieved from https://www.linkedin.com/in/sophiapanel/

[7] CoinMarketCap (2025). Bitcoin (BTC) Price, Market Cap, Chart, and Info. Retrieved from https://coinmarketcap.com/currencies/bitcoin/

[8] TradingView (2025). BTC/USD Chart. Retrieved from https://www.tradingview.com/symbols/BTCUSD/

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