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Tether Proposes Strike, Elektron Merger for Twenty One Bitcoin Treasury Company
Tether proposed that Twenty One Capital merge with Strike and Elektron Energy, and Twenty One held more than 40,000 Bitcoin when it launched. Twenty One launched in December through a special purpose acquisition company backed by Tether, SoftBank Group Corp. and Cantor Fitzgerald LP. The proposal comes as Twenty One’s main business of investing in Bitcoin has fallen out of favor.