On August 6, 2025, SBXD entered into a definitive business combination agreement with Parataxis Holdings LLC (“Parataxis Holdings”), a differentiated platform that combines Bitcoin exposure, proprietary growth opportunities, and accretive yield generation, delivered through the institutional-grade management and execution of a digitally native manager.

Parataxis Holdings is founded by Parataxis Capital Management, a multi-strategy investment management firm focused on the digital asset sector.

Members of SBXD and Parataxis Holdings hosted an investor webcast, a replay of which is available in the below link.