The post South Korea’s First Bitcoin Treasury Firm Emerges with $18.5M Acquisition Deal appeared first on Coinpedia Fintech News
The Bitcoin treasury strategy is booming. Public companies now hold over 777,000 BTC—worth nearly $80.6 billion—and South Korea is jumping in.
Parataxis Holdings has officially announced plans to create South Korea’s first publicly traded Bitcoin treasury company, signaling a bold shift in corporate crypto adoption across Asia.
In a strategic move, Parataxis Holdings will acquire a controlling stake in biotech firm Bridge Bio for $18.5 million, according to the latest reports. After the acquisition, Bridge Bio will be renamed Parataxis Korea and will function as a Bitcoin-focused treasury company.
The company confirmed the plan via press release, marking a historic first for South Korea.
Parataxis is following the path blazed by MicroStrategy, the most prominent public company holding Bitcoin. The firm, led by Michael Saylor, holds 592,100 BTC—valued at over $61.4 billion.
Parataxis partner Andrew Kim revealed that the move is inspired by success stories like MicroStrategy and Asia’s Metaplanet, which holds 10,000 BTC. Kim emphasized Bitcoin’s long-term potential for shareholders and national economic value.
Despite South Korea’s strict crypto regulations—such as the ban on spot Bitcoin ETFs—momentum for corporate adoption is building:
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Here are the top public companies by BTC holdings:
As South Korea enters the corporate Bitcoin race, Parataxis Korea could become Asia’s next big BTC giant—potentially encouraging other firms across the region to follow suit.
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