Twenty One Capital seeks mergers with Strike and Elektron to build premier Bitcoin platform
Bitcoin Twenty One Capital seeks mergers with Strike and Elektron to build premier Bitcoin platform Tether Investments, the investment division of Tether, is backing a proposed series of mergers aimed at turning Twenty One Capital, in which it holds a majority stake, into an all-in-one Bitcoin company. These include a proposed tie-up with Strike, a Bitcoin-focused fintech firm founded by Jack Mallers, who also serves as CEO and co‑founder of Twenty One Capital, and a subsequent merger with Elektron Energy, a Bitcoin mining infrastructure firm. Terms of the proposed deals have not been disclosed. The combined entity would be a diversified Bitcoin firm with operations across mining, financial services and capital markets, designed to generate recurring revenue alongside long-term Bitcoin accumulation. Tether Investments plans to nominate Elektron CEO Raphael Zagury as president, alongside Mallers. The transactions would add to Twenty One Capitals Bitcoin reserves, which stood at 43,514 Bitcoin worth over $3.3 billion in its most recent disclosure. Strike has publicly said it holds about 1,500 BTC in its treasury. We dont just build on #Bitcoin, we stack it. Strike holds 1,500 BTC on our balance sheet, placing us among the top 25 corporate holders worldwide. Proof of work. Putting our money where our mouth is. Building for hyperbitcoinization. pic.twitter.com/kYglUFybYv — Strike