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Tether plans to create a full-fledged crypto corporation under the brand Twenty-One Capital (XXI). As part of this project, a merger with Strike and the mining company Elektron Energy is planned.
As a result, XXI could become not only a public holder of Bitcoin but also an ecosystem that includes treasury, mining, lending, financial services, and access to capital markets.
The terms of the deal have not yet been disclosed, but the company already has over 43,500 BTC on its balance sheet.