Parataxis Holdings to acquire control of Sinsiway (KOSDAQ:290560) for up to KRW 35B; creates Ethereum treasury company

SilverBox Corp IV

Definitive agreement: Parataxis Holdings acquires controlling interest in Sinsiway Co. Ltd. for up to KRW 35 billion.
Sinsiway to rename to Parataxis ETH, Inc., remain listed on KOSDAQ as South Korea's first Ethereum-based treasury platform.
Edward Chin (Parataxis Capital) joins board; Michael Myunghoon Lee appointed CEO of the combined company.
Transaction closing expected after shareholder meeting in January 2026; subject to conditions.
Parataxis already launched a Bitcoin treasury platform (Parataxis Korea); this adds separate Ethereum-focused structure.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.