Bitcoin’s Strategic Leap: Parataxis Establishes South Korea’s First BTC Treasury Company
In a groundbreaking move, Parataxis Holdings LLC has acquired a controlling stake in Bridge Biotherapeutics, a KOSDAQ-listed biotech firm, for $18.5 million. This acquisition is set to transform the company into South Korea's first Bitcoin-native treasury entity, rebranded as Parataxis Korea. The announcement has already sent Bridge Biotherapeutics' stock soaring by over 20%, signaling strong market confidence in this strategic pivot. This development marks a significant milestone in the integration of Bitcoin into traditional corporate finance, potentially setting a precedent for other companies to follow. As of August 2025, this move underscores the growing acceptance of Bitcoin as a legitimate treasury asset, further solidifying its role in the global financial ecosystem.
Parataxis Acquires KOSDAQ-Listed Biotech Firm to Establish South Korea's First BTC Treasury Company
Parataxis Holdings LLC has secured a controlling stake in Bridge Biotherapeutics, a clinical-stage biotech firm listed on South Korea's KOSDAQ exchange, for $18.5 million. The acquisition marks a strategic pivot, transforming the company into the country's first Bitcoin-native treasury entity under the rebranded Parataxis Korea.
Bridge Biotherapeutics' stock surged over 20% following the announcement, reflecting investor enthusiasm for the novel corporate structure. Edward Chin of Parataxis will join the board, while Andrew Kim takes the helm as CEO—signaling a dual focus on biotech continuity and bitcoin adoption.
The MOVE amplifies a global trend of institutional Bitcoin adoption, with 237 public companies now holding BTC on their balance sheets. "South Korea represents a critical frontier for BTC integration," said Kim, emphasizing disciplined capital management alongside expanded institutional access.
Semler Scientific Unveils Aggressive Bitcoin Treasury Strategy Aiming for 105K BTC by 2027
Semler Scientific, a NASDAQ-listed healthcare technology firm, has pivoted from cautious Bitcoin adopter to corporate crypto heavyweight with a bold three-year plan to accumulate 105,000 BTC. The strategy would position the company as the second-largest corporate holder of Bitcoin, trailing only MicroStrategy.
The roadmap calls for building reserves to 10,000 BTC by end-2025, 42,000 BTC by 2026, and ultimately 105,000 BTC by 2027—representing 0.5% of Bitcoin's total supply. Semler currently holds 4,449 BTC worth $472 million as of June 2025, meaning it plans to 20x its position in just two years.
Funding will come through equity offerings, debt financing, and operational cash flow. The company has already demonstrated fundraising capability with a $500 million stock offering in April.
This move marks a significant evolution in institutional Bitcoin adoption, with Semler now classifying BTC as a Core treasury reserve rather than a speculative asset.
$2.6 Trillion AUM Firm Becomes Second-Largest Shareholder in Bitcoin-Focused Metaplanet
Capital Group, a $2.6 trillion asset management firm, has significantly increased its stake in Metaplanet, propelling it to the position of second-largest shareholder in the Tokyo-based company. The investment now represents 6.10% of Metaplanet's total shares, valued at nearly $500 million—a notable escalation from its 5% holding earlier this year.
Metaplanet has been actively bolstering its Bitcoin reserves through corporate bond offerings, mirroring the strategy pioneered by Michael Saylor's MicroStrategy. This institutional endorsement follows growing corporate interest in Bitcoin as a treasury asset, partly influenced by former U.S. President Donald Trump's advocacy for cryptocurrency reserves.
The company's largest shareholder remains MMXX Venture with 6.99% ownership. Metaplanet CEO Simon Gerovich publicly acknowledged Capital Group's vote of confidence, framing it as validation for their innovative approach to digital asset adoption.
Texas Enacts Law to Safeguard Bitcoin Reserves, Eyes Direct Investment
Texas has cemented its pro-crypto stance with Governor Greg Abbott signing House Bill 4488, shielding state-held Bitcoin from forced liquidation. The legislation exempts crypto assets from traditional treasury management rules, ensuring Texas can maintain its strategic reserves without regulatory interference.
Attention now shifts to Senate Bill 21, which WOULD authorize direct state investment in cryptocurrencies with market capitalizations exceeding $500 billion. With Bitcoin currently the sole qualifying asset, the bill's passage would position Texas alongside institutional investors treating BTC as a reserve asset. Abbott faces a June 22 deadline to act before automatic enactment.
Will Bitcoin Hit $171K or Fall Below $100K? Key Levels to Watch
Bitcoin's inverse head and shoulders pattern suggests a potential 49% surge to $171,000, with the neckline resistance between $112,500 and $115,000. A breakout above this range could trigger significant upside momentum.
Critical support levels at $93,940 and $80,780 will serve as litmus tests for Bitcoin's resilience. Market whales may exploit the pattern, creating volatility through fakeouts and liquidations.
Bitcoin dominance appears poised for growth, potentially reaching 66%-67% as market conditions improve. This could catalyze renewed institutional interest and spot buying activity.
Bitcoin Faces Liquidations Amid Market Shift: Should Traders Be Concerned?
Bitcoin's market dynamics are sending mixed signals as open interest declines despite price stability. The Federal Reserve's decision to freeze interest rate hikes has failed to provide clear direction, with traders exhibiting caution through reduced leverage positions.
Binance data reveals a notable cleanup of long positions above $104,000, with extended liquidations forcing out rally participants. Short liquidations remain conspicuously low, suggesting the market is selectively unwinding bullish bets.
The divergence between stable prices and shrinking open interest points to growing risk aversion. Market participants appear hesitant to employ high-leverage strategies, even as macroeconomic conditions theoretically favor crypto assets.
