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Tether Investments Proposes Merger of 21 Capital with Strike and Elektron to Integrate Bitcoin Finance and Mining Operations
On April 30, Tether Investments proposed to optimize the structure of Twenty-One Capital (XXI) 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 transactions are completed, the merged entity will combine financial service platforms, global distribution and compliance infrastructure, as well as large-scale mining capabilities and computational resources, creating a comprehensive platform covering Bitcoin reserves, mining, and financial services. The plan also includes appointing Elektron founder Raphael Zagury as president.