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Parataxis Holdings to Acquire Up to $640 Million in Bitcoin for Treasury

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Qadir AK

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.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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