Parataxis has decided to make a scene-because who doesn’t love a good fireworks show in the finance world? 🎆💸

Institutional digital asset management platform Parataxis Holdings, that darling of the blockchain ball, has sashayed into the limelight with a grand business arrangement. They’ve teamed up with a publicly listed knave, Silverbox (NYSE: SBXD), a SPAC (special purpose acquisition company, because normal companies are so passé), to forge a new entity: also named Parataxis. Genius branding, isn’t it?)

The cunning plan? To summon a whopping $640 million-yes, with a ‘M’-to conjure a bitcoin treasury that would make even the most seasoned crypto-kings envious. This treasure chest is destined to grow, once the deal’s final curtain falls, according to a press release that’s almost as dramatic as the latest season of a soap opera.

And what’s more? They’ve already planted a flag in South Korea-Parataxis Korea! Because what better way to show the world you’re serious about digital riches than by opening a branch halfway across the globe? “We shall be awash in funds to execute our grand BTC treasury strategy in Amerika,” proclaimed Edward Chin, their illustrious CEO and soothsayer. “And with Parataxis Korea, we’ll continue our triumphant march through… Korea! Because global conquest is key, darling.”

Meanwhile, Silverbox’s stock at afterhours was trading at a flirtatious $10.77, up 1.68%. Who knew that dreams of crypto fortune could make a mere share price rise with such grace? 📈😉

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2025-08-07 11:57