Parataxis Holdings, a renowned institutional crypto asset management firm, has taken a bold step to join the list of institutional bitcoin (BTC) investors. As revealed in a recent press release, the company plans to establish a $640 million yield-enhanced BTC treasury strategy in the U.S. and South Korean markets.
To achieve its goal, Parataxis has entered a partnership with SilverBox Corp IV, a U.S.-based publicly listed special purpose acquisition company. Following the merger, the combined firm will retain the name Parataxis Holdings and seek to trade on the New York Stock Exchange (NYSE) under the ticker symbol “PRTX.”
Explaining the major purpose of the partnership, the release noted,
“The Business Combination and related financing transactions could provide up to $640 million of gross proceeds to support the execution and acceleration of the BTC treasury strategy and prime the Company for further treasury platforms and special situations investments.”
However, SilverBox Corp IV’s stock has not been on the green side lately. Since January, it has only recorded a 5% gain. It trades around $10.60, a 5% decrease from its all-time high of $11.20.
Institutional BTC Investors on the Rise
As the crypto market gains popularity over the years, many institutions within and beyond the United States are taking steps to secure their positions in the market and position themselves for profit when the market surges further. To this effect, these firms have acquired significant amounts of bitcoin.
For instance, U.S.-based bitcoin miner, MARA Holdings, is one of the top corporate BTC investors. As revealed in one of its latest month-end reports, it is close to smashing the 50,000 BTC milestone and holds about $7 billion in bitcoin. Similarly, H100, a health tech firm, joined the list in May 2025 and is close to reaching 1,000 bitcoins in its reserve.
Meanwhile, a few investors are gaining indirect exposure to BTC by purchasing shares of companies with a bitcoin reserve or acquiring shares of locally approved bitcoin investment funds.
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