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

Odaily Planet Daily reports that Parataxis Holdings announced its plan to acquire data security company Sinsiway for $27 million, transforming it into an Ethereum (ETH) treasury management company and renaming it Parataxis ETH. This will make it South Korea's first ETH treasury platform backed by US 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' broader strategy to bring digital assets to the public market. (CoinDesk)