Parataxis Bitcoin Treasury Plan for South Korea sends Birge Bio Stock up 20%

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Parataxis Holdings, an affiliate of digital asset-focused investment firm Parataxis Capital Management, is set to launch a Bitcoin-native treasury platform in the South Korean public market.

The firm announced on June 20 that it had entered a definitive agreement to invest 29 billion South Korean won ($18.5 million) into Bridge Biotherapeutics, a publicly traded biotech company.

Following the acquisition, Parataxis will take a controlling interest in the firm, which will be renamed Parataxis Korea and repurposed as a treasury vehicle for institutional…



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Parataxis Bitcoin Treasury Plan for South Korea sends Birge Bio Stock up 20%


Parataxis Holdings, an affiliate of digital asset-focused investment firm Parataxis Capital Management, is set to launch a Bitcoin-native treasury platform in the South Korean public market.

The firm announced on June 20 that it had entered a definitive agreement to invest 29 billion South Korean won ($18.5 million) into Bridge Biotherapeutics, a publicly traded biotech company.

Following the acquisition, Parataxis will take a controlling interest in the firm, which will be renamed Parataxis Korea and repurposed as a treasury vehicle for institutional…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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