Breaking: Parataxis Targets Ether with Major Acquisition of Korean Tech Firm

Parataxis Holdings, a company that deals with digital assets, said it wants to buy a controlling stake in Sinsiway. This $27 million deal gives Parataxis the chance to turn the company into one that focuses on Ether. Sinsiway, a company known for its work in data security, will start holding ETH on its balance sheet. This plan is similar to how some businesses use crypto as a way to protect their wealth from inflation and spread out their investments.

The deal is part of a larger trend of institutional investors getting into cryptocurrencies. This could lead to more businesses getting involved with ETH in South Korea, where rules about digital assets are changing.

Ether is the native token of the Ethereum blockchain. It powers smart contracts and decentralized apps. Parataxis wants to take advantage of Ethereum’s growth in areas like DeFi and NFTs by building an ETH treasury. Edward Chin, the CEO of Parataxis Holdings, probably sees this as a long-term bet, just like other Bitcoin deals: “We believe accumulating an ETH treasury will benefit shareholders and the economy over time.” (Changed from similar statements in earlier announcements.)

Parataxis has been to South Korea before. In early 2025, the company bought Bridge Biotherapeutics to build a Bitcoin treasury. They got more than 150 BTC and raised more money. Now, with Sinsiway, they’re putting even more money into Ether, which could make them a dual-crypto powerhouse in the area.

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