CryptoWorld News reports that Tether has proposed merging its major shareholder, Twenty One Capital, with Bitcoin payment company Strike and Bitcoin mining company Elektron Energy. Tether said that if the merger is successful, Strike will take charge of the platform and global distribution network, while Elektron will add large-scale Bitcoin mining infrastructure. Twenty One Capital’s share price rose in after-hours trading on Wednesday, ultimately closing at $8.35, up 6.6%. The company currently holds 43,514 Bitcoins, making it the second-largest Bitcoin holder among publicly listed companies, second only to Strategy, Inc.

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