Tether Investments just proposed a series of mergers that would combine Twenty-One Capital (XXI), Strike, and Elektron Energy into a single publicly traded entity.
Strike, founded by Jack Mallers, brings a profitable Bitcoin financial services platform available in 100+ countries. Elektron, led by Raphael Zagury, operates roughly 50 EH/s of Bitcoin mining capacity, approximately 5% of the global network, with all-in production costs below $60,000 per bitcoin. Elektron has mined over 5,500 BTC and runs cash-flow positive.
Tether intends to vote its XXI shares in favor of both mergers and is recommending Zagury serve as President alongside Mallers.
If completed, the combined company would integrate Bitcoin treasury, mining, financial services, lending, and capital markets into one public platform. Tether is calling it the "premier listed Bitcoin company in the world."
Transaction terms and timelines are still being worked out.
Strike, founded by Jack Mallers, brings a profitable Bitcoin financial services platform available in 100+ countries. Elektron, led by Raphael Zagury, operates roughly 50 EH/s of Bitcoin mining capacity, approximately 5% of the global network, with all-in production costs below $60,000 per bitcoin. Elektron has mined over 5,500 BTC and runs cash-flow positive.
Tether intends to vote its XXI shares in favor of both mergers and is recommending Zagury serve as President alongside Mallers.
If completed, the combined company would integrate Bitcoin treasury, mining, financial services, lending, and capital markets into one public platform. Tether is calling it the "premier listed Bitcoin company in the world."
Transaction terms and timelines are still being worked out.
81❤️3🤙1
