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Tether Proposes Twenty-One, Strike and Elektron Merger for Public Bitcoin Platform
Tether Investments proposed merging Twenty-One Capital, Strike, and Elektron Energy into a public Bitcoin company anchored by Twenty-One’s 43,514 BTC treasury worth about $3.3 billion. Twenty-One said it may acquire Strike and Elektron Energy as part of the plan. Elektron would add about 50 EH/s of mining capacity, or roughly 5% of the Bitcoin network, to the combined platform.