Parataxis Holdings to Acquire Up to $640 Million in Bitcoin for Treasury
The post Parataxis Holdings to Acquire Up to $640 Million in Bitcoin for Treasury appeared first on Coinpedia Fintech News
Parataxis Holdings, a leading institutional digital asset manager, plans to buy up to $640 million worth of Bitcoin for its corporate treasury. This move follows the company’s merger with SilverBox Corp IV in a SPAC deal, aiming to list on the NYSE under the ticker “PRTX.” The acquisition supports Parataxis’s strategy to enhance Bitcoin exposure, combining yield generation and capital preservation. This significant purchase highlights the ongoing trend of institutional accumulation of Bitcoin as a core treasury asset.
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Parataxis Holdings to Acquire Up to $640 Million in Bitcoin for Treasury
The post Parataxis Holdings to Acquire Up to $640 Million in Bitcoin for Treasury appeared first on Coinpedia Fintech News
Parataxis Holdings, a leading institutional digital asset manager, plans to buy up to $640 million worth of Bitcoin for its corporate treasury. This move follows the company’s merger with SilverBox Corp IV in a SPAC deal, aiming to list on the NYSE under the ticker “PRTX.” The acquisition supports Parataxis’s strategy to enhance Bitcoin exposure, combining yield generation and capital preservation. This significant purchase highlights the ongoing trend of institutional accumulation of Bitcoin as a core treasury asset.
Read More
Grant Cardone to Invest $1 Billion in Bitcoin