{"id":3546,"date":"2025-06-20T14:13:00","date_gmt":"2025-06-20T14:13:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/parataxis-seals-18m-deal-to-launch-bitcoin-treasury-on-kosdaq\/"},"modified":"2025-06-20T14:13:03","modified_gmt":"2025-06-20T14:13:03","slug":"parataxis-seals-18m-deal-to-launch-bitcoin-treasury-on-kosdaq","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/parataxis-seals-18m-deal-to-launch-bitcoin-treasury-on-kosdaq\/","title":{"rendered":"Parataxis seals $18m deal to launch Bitcoin treasury on KOSDAQ"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Following the lead of Strategy and Japan\u2019s Metaplanet, Parataxis is bringing Wall Street\u2019s Bitcoin treasury strategy to Korea with an $18 million takeover of Bridge Bio, signaling deeper institutional crypto penetration.<\/p>\n<p>In a<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/in\/news-releases\/parataxis-holdings-llc-announces-definitive-agreement-with-bridge-biotherapeutics-inc-kosdaq-288330-to-bring-institutionally-backed-bitcoin-treasury-company-to-the-south-korean-public-markets-302486978.html\" target=\"_blank\"> press release<\/a> on June 20, Parataxis Holdings LLC announced its acquisition of a controlling stake in Bridge Biotherapeutics for KRW 25 billion (about $18 million).<\/p>\n<p>The deal, pending shareholder approval, will see the biotech outfit rebranded as Parataxis Korea, a publicly traded, Bitcoin (BTC)-native treasury company listed on South Korea\u2019s KOSDAQ exchange. Edward Chin, Parataxis\u2019 founder, and Andrew Kim, a partner at its affiliate Parataxis Capital, will join the board, with Kim stepping in as CEO.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Bitcoin\u2019s corporate wave hits Korea<\/strong><\/h2>\n<p>Parataxis Korea plans to deploy an institutional-grade Bitcoin treasury strategy built around disciplined capital allocation, governance transparency, and long-term accumulation.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe are incredibly excited to create the first BTC treasury company in South Korea backed by an institutional-grade platform. Given the strategic nature of BTC on the global stage and its finite supply, we believe that building and growing a company like Parataxis Korea and accumulating a BTC treasury will benefit our shareholders as well as the country over the long run,\u201d Chin stated.<\/p>\n<\/blockquote>\n<p>According to Parataxis executives, the soon-to-be-renamed successor of Bridge Biotherapeutics will be structured as a hybrid to retain its biotech arm while adding a BTC-centric financial strategy layered on top. James Jungkue Lee, co-founder of Bridge Bio, will lead the core biotech business.<\/p>\n<p>Parataxis is joining an established movement. The company points to Strategy\u2019s massive 582,000 BTC treasury and Metaplanet\u2019s 10,000 BTC holdings as successful precedents for their Korean venture.<\/p>\n<p>And the trend is growing: according to Standard Chartered, at least 61 publicly listed firms not native to crypto have adopted Bitcoin treasury strategies in recent months, a number that has doubled since April, underscoring how BTC is emerging as an alternative, not speculative, reserve asset for established companies.<\/p>\n<p>For all the enthusiasm, the strategy isn\u2019t without risks. Charles Schwab\u2019s recent analysis warns that companies overexposed to Bitcoin risk liquidity crunches if prices plummet. Standard Chartered estimates a drop below $90,000 could wipe out half of corporate BTC treasuries.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Following the lead of Strategy and Japan\u2019s Metaplanet, Parataxis is bringing Wall Street\u2019s Bitcoin treasury strategy to Korea with an $18 million takeover of Bridge Bio, signaling deeper institutional crypto&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1957,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=3546"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3546\/revisions"}],"predecessor-version":[{"id":3547,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3546\/revisions\/3547"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1957"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=3546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=3546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=3546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}