## Parataxis Launches South Korea's First Institutional Bitcoin Treasury Company Through Bridge Biotherapeutics Acquisition
The global Bitcoin treasury movement just landed in South Korea. Parataxis Holdings has closed a definitive agreement to acquire controlling stake in KOSDAQ-listed biotech firm Bridge Biotherapeutics (288330) for KRW 25 billion ($18.3 million), transforming it into **Parataxis Korea**—the nation's inaugural institutionally-backed Bitcoin treasury company.
What makes this move significant isn't just the M&A transaction itself, but what it signals about institutional crypto
The global Bitcoin treasury movement just landed in South Korea. Parataxis Holdings has closed a definitive agreement to acquire controlling stake in KOSDAQ-listed biotech firm Bridge Biotherapeutics (288330) for KRW 25 billion ($18.3 million), transforming it into **Parataxis Korea**—the nation's inaugural institutionally-backed Bitcoin treasury company.
What makes this move significant isn't just the M&A transaction itself, but what it signals about institutional crypto
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