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

According to CoinDesk, Parataxis Holdings announced plans to acquire data security company Sinsiway for $27 million and transform it into an Ethereum (ETH) asset management company, rebranding it as Parataxis ETH, making it the first ETH treasury platform in South Korea supported by U.S. institutional capital.

The new entity will hold ETH as part of its core strategy, linking traditional finance with on-chain assets, and will be part of Parataxis's broader strategy to bring digital assets to the public market.