Parataxis Holdings is planning to acquire Sinsiway for approximately $27.3 million and transform into an Ethereum Treasury company.

BlockBeats News, December 3rd, according to CoinDesk, New York-based digital asset investment firm Parataxis Holdings has agreed to acquire a controlling stake in South Korean data security company Sinsiway for 40 billion Korean won (about $27.3 million) and transform it into an Ethereum treasury company. If approved by Sinsiway shareholders in January 2026, the company will be renamed Parataxis ETH, Inc., retaining its securities trading listing status, and becoming an Ethereum treasury company supported by U.S. institutional capital in the South Korean market. Parataxis Holdings Founder and CEO Edward Chin is expected to join the board of directors.