Digital Asset-Firm Parataxis to Go Public Via SilverBox Deal (1)

Parataxis Holdings, a digital-asset management platform, has agreed to go public with blank-check firm SilverBox Corp IV, joining a wave of publicly traded Bitcoin treasury companies.

The deal values the combined companies at about $400 million, according to a statement confirming an earlier Bloomberg News report. The deal will add up to about $240 million in cash to Parataxis, including $31 million of equity that will be funded immediately to acquire Bitcoin. After closing, Parataxis will have the right to issue and sell up to another $400 million in equity.

Parataxis, founded by principals of hedge fund Parataxis ...