Parataxis's SPAC Deal Fuels Bitcoin Strategy
Parataxis‘s Bitcoin treasury strategy receives $640 million funding through a SPAC crypto merger with SilverBox Corp IV, and this deal enables aggressive institutional Bitcoin investments right now. The merger actually positions Parataxis for enhanced Bitcoin market exposure while establishing the company as a publicly-traded digital asset manager on the New York Stock Exchange. Inside Parataxis’ Bitcoin Treasury Strategy After SPAC Crypto Merger Source: Crypto Briefing The Silverbox-Parataxis deal provides immediate Bitcoin purchasing power, with $31 million being allocated for direct Bitcoin acquisition at the time of writing. Edward Chin, founder and CEO, has outlined the company’s strategic vision for this merger. Edward Chin stated: “[The deal] will be well-capitalized to execute a BTC treasury strategy in the US, enhanced by the yield generation capabilities of an institutional asset manager.” SPAC Structure Actually Fuels Parataxis Bitcoin Treasury S...