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06/21 17:39
Does Parataxis’s Bridge Bio Deal Cement Bitcoin as
Does Parataxis’s Bridge Bio Deal Cement Bitcoin as Core Treasury Asset?
Parataxis Holdings announced today that it will launch South Korea’s first publicly traded Bitcoin treasury company. The firm agreed to acquire a controlling stake in biotech outfit Bridge Bio for $18.5 million. After closing, Bridge Bio will become Parataxis Korea and dedicate its balance sheet to holding BTC.
This follows a blueprint first outlined by Strategy’s leadership under Michael Saylor. Strategy holds 592,100 BTC—worth about $61.4 billion—making it the largest corporate holder.
Parataxis partner Andrew Kim said the decision draws on Strategy success and Asia’s Metaplanet, which holds 10,000 BTC. He added that the long‑term potential of Bitcoin can benefit both shareholders and national economic strength.
Meanwhile, corporate Bitcoin adoption in Korea gains traction despite tight rules. A 2025 pilot program will let 3,500 companies open verified crypto accounts. At the same time, lawmakers are drafting spot‑ETF and won‑backed stablecoin proposals due next year. Therefore, firms like Parataxis may find a clearer path to deploy BTC on their books.
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