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Tether Proposes Two-Stage Twenty One Capital Merger With Strike and Elektron
Tether Investments proposed a two-stage merger that would combine Bitcoin treasury company Twenty One Capital with Strike and Elektron Energy. Tether Investments, which holds a majority stake in Twenty One Capital, said it plans to vote its shares in favor of both transactions. Twenty One Capital shares rose 6.6% in after-hours trading on Wednesday. Elektron Energy manages about 50 EH/s of Bitcoin hash rate, or roughly 5% of current network capacity.