Parataxis aims for NYSE listing with ticker symbol PRTX

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Mikhail Vnuchkov

07.08.2025

Parataxis aims for NYSE listing with ticker symbol PRTX — Parataxis to go public via SPAC merge

Digital asset management firm Parataxis Holdings will become a publicly traded company through a merger with SilverBox Corp IV, a special purpose acquisition company (SPAC) backed by SilverBox Capital. As announced on Wednesday, the deal will result in the formation of Parataxis Holdings Inc., which plans to list on the New York Stock Exchange under the ticker “PRTX.”

According to the press release, the transaction values the combined company at $400 million and includes an option to raise an additional $400 million through an equity line of credit, potentially doubling the company’s valuation. $31 million has already been raised and allocated for Bitcoin purchases, giving early shareholders direct exposure to BTC assets.

Unlike passive holding strategies, Parataxis employs an active Bitcoin management approach, combining market exposure with income generation through low-volatility trading and digital treasury operations. Its institutional client base includes pension funds, family offices, and high-net-worth individuals. The firm’s goal is to deliver returns that outperform passive BTC ownership.

Strategic expansion in South Korea

A core element of Parataxis’ growth strategy involves expansion into South Korea—one of Asia’s most active digital asset markets that, notably, still lacks a spot Bitcoin ETF. In June, the company acquired a controlling stake in KOSDAQ-listed biotech firm Bridge Biotherapeutics. Following the acquisition, the firm will be renamed Parataxis Korea and serve as a regional hub for executing Parataxis’ BTC treasury strategies.

Since the deal, Bridge Biotherapeutics’ stock has surged over 350%, indicating strong investor interest in the Bitcoin-linked venture. Parataxis CEO Edward Chin noted that the company now holds a significant first-mover advantage in an underserved but promising market with favorable regulatory conditions.

A wave of crypto listings

Parataxis’ SPAC route to the public market comes amid a growing wave of crypto companies going public. Recent examples include Circle Internet Group’s IPO and Grayscale’s public listing plans—reflecting rising institutional and retail demand for regulated crypto investment vehicles.

The Parataxis deal is pending regulatory approval and shareholder consent. If completed successfully, the company will become one of the few public firms offering direct and actively managed Bitcoin exposure—marking an important milestone in the evolution of institutional crypto investing.

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