Tether Proposes Plan to Make Twenty One Capital “Premier Bitcoin Company”
BeInCrypto
Tether Investments intends to merge Twenty-One Capital with Strike and Elektron Energy to create a leading, diversified public Bitcoin entity.Summary
Tether Investments, a majority shareholder in Twenty-One Capital (XXI), has proposed a strategic merger involving the Bitcoin financial services firm Strike and the mining platform Elektron Energy. The goal is to consolidate treasury, mining, and financial services under one public platform to establish XXI as the world's premier Bitcoin company. Tether plans to recommend Elektron CEO Raphael Zagury as president of the merged entity, which would combine Strike’s consumer-facing leadership with expertise in mining and capital markets. While specific deal terms remain undisclosed, the market responded favorably to the news, with XXI stock rising over 6% in after-hours trading.
(Source：BeInCrypto)