South Korea’s First Bitcoin Treasury Firm Emerges with $18.5M Acquisition Deal
The Bitcoin treasury technique is booming. Public corporations now maintain over 777,000 BTC—value almost $80.6 billion—and South Korea is leaping in.
Parataxis Holdings has formally introduced plans to create South Korea’s first publicly traded Bitcoin treasury firm, signaling a daring shift in company crypto adoption throughout Asia.
Parataxis Acquires Bridge Bio to Launch BTC Treasury Arm
In a strategic transfer, Parataxis Holdings will purchase a controlling stake in biotech agency Bridge Bio for $18.5 million, in response to the newest stories. After the acquisition, Bridge Bio can be renamed Parataxis Korea and can operate as a Bitcoin-focused treasury firm.
The corporate confirmed the plan through press release, marking a historic first for South Korea.
Impressed by MicroStrategy’s Bitcoin Playbook
Parataxis is following the trail blazed by MicroStrategy, essentially the most outstanding public firm holding Bitcoin. The agency, led by Michael Saylor, holds 592,100 BTC—valued at over $61.4 billion.
Parataxis associate Andrew Kim revealed that the transfer is impressed by success tales like MicroStrategy and Asia’s Metaplanet, which holds 10,000 BTC. Kim emphasised Bitcoin’s long-term potential for shareholders and nationwide financial worth.
Company Bitcoin Adoption Features Steam in Korea
Regardless of South Korea’s strict crypto laws—such because the ban on spot Bitcoin ETFs—momentum for company adoption is constructing:
- A 2025 pilot program permits 3,500 corporations to open verified crypto accounts.
- Lawmakers are pushing for spot crypto ETFs and won-backed stablecoins by subsequent yr.
- Parataxis CEO Edward Chin mentioned the Bitcoin technique is designed to learn each buyers and the nation.
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Prime Public Firms Holding Bitcoin
Listed below are the highest public corporations by BTC holdings:
- MicroStrategy – 592,100 BTC (~$61.4B)
- Marathon Digital – 16,930 BTC
- Riot Platforms – 8,872 BTC
- Metaplanet (Japan) – 10,000 BTC
- Boyaa Interactive (Hong Kong) and DDC Enterprise (China) additionally maintain vital Bitcoin reserves.
Why This Issues
As South Korea enters the company Bitcoin race, Parataxis Korea might turn out to be Asia’s subsequent huge BTC big—probably encouraging different companies throughout the area to comply with go well with.
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FAQs
Parataxis Holdings is buying biotech agency Bridge Bio for $18.5 million to rename it Parataxis Korea, establishing South Korea’s first publicly traded Bitcoin treasury firm.
Main public corporations holding Bitcoin embody MicroStrategy (592,100 BTC), Marathon Digital (16,930 BTC), Riot Platforms (8,872 BTC), and Japan’s Metaplanet (10,000 BTC).
South Korea has a posh crypto stance. Whereas exchanges are authorized and there’s rising public and political curiosity in crypto, strict laws exist, together with previous bans on spot Bitcoin ETFs. Nevertheless, current developments present rising company adoption and discussions round easing some guidelines.
South Korea plans to implement a 22% capital beneficial properties tax on crypto income exceeding KRW 2.5 million (approx. $1,900) beginning in 2025 (although it has been topic to delays). Earnings from mining or staking is taxed at particular person earnings charges (6-45%).
