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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.