Parataxis Holdings plans to acquire Sinsiway for $27 million and transform it into an ETH asset management company.

Odaily Planet Daily reported that Parataxis Holdings announced its plan to acquire data security company Sinsiway for $27 million and transform it into an Ethereum (ETH) asset management company, renaming it Parataxis ETH. This will make it Korea’s first ETH treasury platform backed by U.S. institutional capital. The new entity will hold ETH as part of its core strategy, bridging traditional finance with on-chain assets, and will become part of Parataxis’ broader strategy to bring digital assets to public markets. (CoinDesk)