Parataxis Holdings announces acquisition of majority stake in South Korea's Sinsiway for approximately $27.3 million
Jinse Finance reported that New York-based digital asset investment firm Parataxis Holdings has announced an agreement to acquire a majority stake in Korean data security company Sinsiway for 40 billion KRW (approximately $27.3 million), with plans to transform it into a publicly listed Ethereum reserve company. If approved by Sinsiway shareholders in January 2026, the company will be renamed Parataxis ETH, Inc. and retain its listed status, making it the first Ethereum-focused reserve platform in Korea supported by U.S. institutional capital. This move is part of Parataxis' strategy to bring digital assets to public markets, following the launch of Parataxis Korea, which focuses on Bitcoin reserves. The Ethereum-focused entity will center its strategy on holding Ethereum, bridging traditional finance and on-chain assets.
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