Parataxis to Acquire South Korean Sinsiway, Building Ether Treasury Platform

Source: CryptoNewsNet Original Title: Parataxis Agrees to Buy Control of South Korea’s Sinsiway for $27M, Build Ether Treasury Original Link: Parataxis Holdings, a New York-based digital asset investment firm, announced it has agreed to acquire a controlling stake in South Korean data security company Sinsiway for 40 billion won ($27.3 million). The acquisition aims to transform Sinsiway into a publicly traded ether treasury firm.

Parataxis and affiliated entities will gain control of the 20-year-old company. Subject to shareholder approval scheduled for January 2026, the company will be renamed Parataxis ETH, Inc. and will maintain its stock exchange listing.

The renamed entity is set to become South Korea’s first ether-focused treasury platform backed by institutional capital from the U.S. Edward Chin, founder and CEO of Parataxis Holdings, is expected to join the company’s board of directors.

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NestedFoxvip
· 12-05 08:50
So... spending 27M to buy a Korean data company to build an Ethereum treasury? I just don't get it.
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fren_with_benefitsvip
· 12-04 00:39
Spending 27M to buy a Korean project? Is this another round of cashing out, haha.
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TokenTherapistvip
· 12-03 16:40
Another $27M spent to buy a data company and build an ETH treasury. Is it really that competitive over in South Korea...? Kinda curious to see how this develops.
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FlashLoanKingvip
· 12-03 16:40
What is Parataxis up to again? Spending 27M to buy a Korean company to build an Ethereum treasury? This playbook... feels a bit familiar.
View OriginalReply0
LadderToolGuyvip
· 12-03 16:37
New York asset management firm acquires Korean company to build an Ethereum treasury? Isn't it just about hoarding coins? Just say it straight.
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GasFeeBarbecuevip
· 12-03 16:24
Hmm... Spending 27 million to buy a Korean data company to work on Ethereum vaults, I can't quite wrap my head around that logic.
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MEVSandwichvip
· 12-03 16:21
Another large-scale acquisition like this... Are South Korean projects really that valuable, or is this just another round of fleecing retail investors?
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