Wu learned that Tether Investments proposed to promote Twenty-One Capital (XXI) to optimize its structure through a series of merger transactions, including a merger with Bitcoin financial services company Strike, and further integration with Bitcoin mining company Elektron Energy; if the deal is completed, the merged entity will combine a financial services platform, global distribution and compliance infrastructure, as well as large-scale mining capacity and computing resources, forming an integrated platform covering Bitcoin reserves, mining, and financial services, with plans for Elektron founder Raphael Zagury to serve as President.