2 hours ago

Parataxis Merges With SPAC, Aims to Stack $640M in Bitcoin

TLDR: Parataxis merges with SilverBox IV SPAC, unlocking up to $640M to buy and yield Bitcoin. $31M already raised will be deployed into BTC ahead of the merger’s SEC approval. South Korea arm launched via Bridge Biotherapeutics buyout, targeting ETF gap and demand. Equity line gives access to another $400M, enabling treasury scaling and special [...]

The post Parataxis Merges With SPAC, Aims to Stack $640M in Bitcoin appeared first on Blockonomi.

Source: Blockonomi →