The encryption investment startup Parataxis Holdings plans to go public through a SPAC transaction.

PANews, June 10, reported by BUSINESS WIRE, that the Bitcoin-focused investment startup Parataxis Holdings LLC plans to go public through a merger with the special purpose acquisition company SilverBox Corp IV. The two parties announced on Monday that they have signed a non-binding letter of intent, marking another Crypto Assets-related company aiming to enter the public market. The transaction still needs to undergo standard procedures such as due diligence, signing a final agreement, and obtaining regulatory approval.