Strike CEO Jack Mallers pushes back against claims that Strike is becoming a “de facto subsidiary” of Tether after Tether increased its ownership stake in Bitcoin treasury firm Twenty One Capital ($XXI) by acquiring SoftBank’s shares.
Critics argued that because Tether now controls more than 70% of $XXI, Strike’s planned merger with the company would effectively place Strike under Tether’s control.
Mallers responded:
“I am the sole controller and board authority of Strike. Twenty One does not own any part of Strike.
If that ever changed, it would only happen with the governance and control rights necessary to ensure Strike remains controlled by me. Period.”
Critics argued that because Tether now controls more than 70% of $XXI, Strike’s planned merger with the company would effectively place Strike under Tether’s control.
Mallers responded:
“I am the sole controller and board authority of Strike. Twenty One does not own any part of Strike.
If that ever changed, it would only happen with the governance and control rights necessary to ensure Strike remains controlled by me. Period.”
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