Tether Proposes Plan to Make Twenty One Capital “Premier Bitcoin Company”
Tether Investments, the funding arm of stablecoin issuer Tether and a majority shareholder of Twenty-One Capital (XXI), has unveiled a plan geared toward turning XXI into the “premier listed Bitcoin firm on the planet.”
In a current announcement, the agency mentioned it plans to vote to merge Twenty-One Capital with Bitcoin monetary providers agency Strike and miner Elektron Energy.
Tether to Vote for Twenty One Capital Merger With Strike, Elektron
Under the proposal, Twenty-One Capital would first merge with Strike, Jack Mallers’ Bitcoin monetary providers agency working in additional than 100 nations. The mixed entity would then merge with Elektron Energy, a large-scale Bitcoin mining platform.
The merger would remodel XXI right into a agency that mixes treasury, mining, monetary providers, lending, and capital markets underneath a single public platform.
“If consummated, the transactions would enable the mixed entity to leverage a powerful steadiness sheet, a large-scale worthwhile working enterprise, and a monetary providers division constructed to spearhead Bitcoin adoption,” Tether Investments noted.
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The agency additionally said that it’s going to suggest Elektron CEO Raphael Zagury to function president of the merged firm. The construction would pair Mallers’ client management with Zagury’s background in mining operations and capital markets.
Tether Investments has not disclosed transaction phrases, timelines, or governance particulars. The agency mentioned additional data will comply with as discussions progress.
Twenty-One Capital ranks because the second-largest public holder of Bitcoin. The agency holds over 43,500 BTC on its steadiness sheet, according to BitcoinTreasuries.
Its inventory, XXI, was listed on the New York Stock Exchange (NYSE) in December 2025. The inventory has declined over 10% in 2026 thus far.
Nonetheless, it responded positively to Wednesday’s announcement. XXI jumped greater than 6.6% in after-hours buying and selling to $8.35.
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The submit Tether Proposes Plan to Make Twenty One Capital “Premier Bitcoin Company” appeared first on BeInCrypto.