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Tether plans to promote the merger of Twenty-One Capital with Strike and Elektron, integrating Bitcoin finance and mining operations.

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PANews
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2 hours ago
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PANews April 30 news, according to official news, Tether Investments disclosed its proposal to merge Twenty-One Capital with the Bitcoin fintech company Strike and the large Bitcoin mining company Elektron Energy to strengthen its structure, capital allocation, and long-term development. Strike is a global Bitcoin financial services platform founded by Jack Mallers, covering over 100 countries. Elektron Energy manages approximately 50 EH/s of computing power (about 5% of the entire network), having mined over 5,500 Bitcoins, with a total cost of less than $60,000 per coin. Tether stated that if the transaction is completed, the merged entity will possess a robust balance sheet, profitable operating business, and financial services division. Tether Investments also proposed that Elektron founder Raphael Zagury serve as president. The merged company will position itself as a comprehensive platform combining Bitcoin treasury, mining, financial services, lending, capital markets, and strategic integration.

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