Parataxis confirms NYSE listing through merger with SilverBox…"Accelerating Bitcoin strategy"
Suehyeon Lee
Summary
- Parataxis Holdings confirmed its NYSE listing through a merger with SilverBox.
- Through this transaction, Parataxis will secure about $240 million in cash, with $31 million earmarked for immediate Bitcoin purchases.
- Upon completion of the merger, Parataxis will be granted the authority to issue up to an additional $400 million in equity.
Digital asset management firm Parataxis Holdings is set to list on the New York Stock Exchange through a merger with blank check company SilverBox Corp IV.
According to Bloomberg on the 7th (local time), Parataxis has finalized its listing on the NYSE by signing a merger agreement with SilverBox.
Through this transaction, Parataxis is expected to secure approximately $240 million in cash, of which $31 million will be immediately allocated for Bitcoin (BTC) purchases. Upon completion of the merger, Parataxis will have the authority to issue up to an additional $400 million in equity.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Today’s Key Economic & Crypto Calendar] Atlanta Fed GDPNow, More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
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