In short
- Tether Investments announced a proposal for a three-way merger between Twenty-One Capital, Strike, and Elektron Energy to create an integrated Bitcoin platform.
- XXI has 43,514 BTC worth about $3.3 billion, which is second among public companies in Bitcoin reserves.
- Elektron Energy manages about 50 EH/s of mining, representing about 5% of the Bitcoin network.
Tether Investments, the investment arm of stablecoin giant Tether, he announced on Wednesday A triple merger proposal including Twenty-One Capital, Strike, and Elektron Energy in what he described as “Premier was named. Bitcoin company in the world. “
The expected merger will bring together three different Bitcoin services under one community. Twenty-One Capital, which it is second among public companies of the Bitcoin industry with more than $3.3 billion of BTC, will support its financial services on the integrated platform.
Strike, a Bitcoin Financial Services company founded by Jack Mallers-CEO of Twenty-One Capital-operates in more than 100 countries and helps users buy, sell, hold, exchange, and borrow Bitcoin. Mallers said this week that Strike has secured a $2.1 billion loan to meet its debt obligations.
Elektron Energy will bring mining requirements to the merger. Under the leadership of Raphael Zagury, who is recommended to be the president of the joint venture, the company has mined more than 5,500 Bitcoins during its entire management phase and kept the total investment of less than $60,000 per Bitcoin.
“The proposed leadership system aims to combine product Mallers, brands, and buyers of Bitcoin leadership and Zagury capital markets, services, and execution experience,” Tether Investments wrote.
Market participants responded positively to the merger announcement, with twenty-one shares (XXI) jumping into after-market trading, even though the dividends were paid. XXI recently traded at $8.06, up nearly 3% from Wednesday’s closing price.
“In short, I think it’s a good idea,” said Strike and Twenty-One CEO Mallers at the Bitcoin 2026 conference on Wednesday, according to Bitcoin Magazine. Twenty-one produced a Press release Late Wednesday they approved plans to acquire Strike and Elektron Energy.
The merger builds on Twenty-One Capital’s recent transition to the public markets. The company went public through a SPAC merger with Cantor Equity Partners in December. Tether was one of them famous sponsors about the initial integration of the business, the implementation of the integration process.
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