In a bold move to expand institutional access to Bitcoin, Parataxis Holdings has acquired a controlling interest in South Korea’s Bridge Biotherapeutics for 29 billion won ($18.5 million). The acquisition marks a significant shift, as the biotech firm will be rebranded as Parataxis Korea and repurposed into a Bitcoin-native treasury platform.
Strategic Shift into Bitcoin Treasury Holdings
Parataxis plans to transform Bridge Biotherapeutics into a public vehicle for institutional Bitcoin exposure, despite South Korea’s current restrictions on crypto ETFs and institutional digital asset investments.
“We see South Korea as an important market in the evolution of BTC adoption,” said Andrew Kim, Partner at Parataxis Capital. The firm aims to replicate successful treasury strategies seen in companies like Strategy in the US and Metaplanet in Japan.
This initiative underscores growing demand for corporate Bitcoin strategies, particularly in jurisdictions exploring gradual crypto liberalization.
South Korea’s Regulatory Landscape Is Evolving
While Bitcoin ETFs remain banned in South Korea, the Financial Services Commission (FSC) has recently launched a pilot program allowing 3,500 corporations and institutional investors to open real-name digital asset accounts in the first half of 2025. This regulatory shift signals a slow but strategic push toward broader crypto acceptance in Asia.
The new Parataxis platform aligns with the FSC’s roadmap and reflects increasing interest in institutional Bitcoin exposure as a treasury diversification tool.
Corporate Bitcoin Adoption Gaining Momentum
Parataxis’ move comes during a broader wave of corporate Bitcoin accumulation. Over 237 public companies now hold Bitcoin on their balance sheets — up from just 124 in recent weeks — collectively owning nearly 3.96% of the total BTC supply.
The impact of these announcements is immediate. Bridge Biotherapeutics’ stock surged over 20% after the acquisition news, although it’s still down 74% year-to-date. Similarly, UK-based Pri0r1ty Intelligence Group saw an 84% daily stock price jump after announcing Bitcoin-related treasury and payment plans.
The Bottom Line: A New Frontier for Bitcoin Treasuries
As regulatory environments evolve, Bitcoin-native treasury platforms like Parataxis Korea are positioning themselves at the forefront of institutional adoption. This strategic acquisition not only strengthens Bitcoin’s global corporate footprint but also highlights South Korea’s growing role in the next phase of crypto finance.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.