SilverBox Corp IV signs LOI to merge with digital asset firm Parataxis

SilverBox Corp IV, a special purpose acquisition company (SPAC) backed by investment and advisory firm SilverBox Capital, announced on June 9 that it has signed a non-binding letter of intent (LOI) to merge with Parataxis Holdings, according to Business Wire. Parataxis Holdings is affiliated with Parataxis Capital Management, a multi-strategy investment firm that focuses on digital assets. The company specializes in managing Bitcoin (BTC) treasuries and pursuing other digital asset investment opportunities.