🚨 BREAKING: Tether Investments has proposed a major consolidation plan involving Twenty-One Capital ( XXI ), Strike, and Bitcoin miner Elektron Energy.
Under the proposal, Twenty-One Capital would first merge with Strike, the Bitcoin financial services firm founded by Jack Mallers, before combining with Elektron Energy in a second merger.
If approved, the combined company would unite three major Bitcoin sectors under one publicly listed entity:
◾️ Bitcoin Treasury Holdings
◾️ Mining Operations
◾️ Financial Services & Lending
◾️ Capital Markets Infrastructure
Strike would contribute its profitable Bitcoin payments and financial services platform operating in 100+ countries, while Elektron would bring large-scale mining capacity of roughly 50 EH/s, representing around 5% of the global Bitcoin network hash rate.
Tether also plans to recommend Raphael Zagury as President, pairing his operational expertise with Mallers’ brand and product leadership.
🔥 NOW: Jack Mallers says, “Bitcoin not only lives in the balance sheet but also in the hands of the people.”
If completed, the deal could transform Twenty-One Capital into one of the world’s most powerful publicly traded Bitcoin-focused companies, expanding beyond treasury holdings into a fully integrated Bitcoin ecosystem.