[Parataxis agrees to acquire a controlling stake in South Korea's Sinsiway for $27 million and establish an Ethereum treasury] According to CoinDesk, digital asset investment firm Parataxis Holdings announced that it has agreed to acquire a majority stake in South Korean data security company Sinsiway (290560) for 40 billion won (approximately $27.3 million) and transform it into a publicly listed Ethereum asset management company. Parataxis and its undisclosed affiliates will gain controlling interest in the company. If approved by Sinsiway shareholders in January 2026, the company will be renamed Parataxis ETH, Inc. while retaining its stock exchange listing status. The renamed entity will become South Korea's first Ethereum-focused asset management platform backed by U.S. institutional capital. Edward Chin, founder and CEO of Parataxis Holdings, is expected to join the board of directors.