[Parataxis Holdings Plans to Acquire Sinsiway for Approximately $27.3 Million and Transform into an Ethereum Treasury Company] BlockBeats News, December 3, according to a report by CoinDesk, New York-based digital asset investment firm Parataxis Holdings has agreed to acquire control of South Korean data security company Sinsiway for 40 billion Korean won (approximately $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. and retain its publicly listed status, becoming an Ethereum treasury company in the Korean market backed by U.S. institutional capital. Parataxis Holdings founder and CEO Edward Chin is expected to join the board of directors.