Parataxis Capital Acquires Sinsiway for $27M to Build Major Ethereum Treasury

Investment firm Parataxis Capital has finalized an agreement to acquire a controlling stake in South Korean blockchain security company Sinsiway for $27 million. The strategic move is aimed at establishing a significant Ethereum (ETH) treasury. Parataxis plans to leverage Sinsiway's expertise in cryptographic security and its established presence in the Asian market to bolster its digital asset strategy. This acquisition highlights the growing institutional interest in Ethereum and blockchain infrastructure, signaling a commitment to long-term holdings in core crypto assets. The deal is expected to close in the coming months, pending regulatory approvals.