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Tether Cancels Deal to Merge Three Crypto Companies
The planned merger of 21 Capital, Strike, and Elektron Energy has been officially annulled. As a result, Jack Mallerс left his position as CEO of 21 Capital in order to focus on the development of Strike.
Rafael Zaguri, previously CEO of Elektron Energy, became the new leader of 21 Capital. He noted that the company will now focus not only on accumulating BTC, but also on creating a stable cash flow and distributing capital more efficiently.
It is important to emphasize that 21 Capital builds its business model around Bitcoin and aims to replicate the success of Strategy.