Merger Of Bitcoin-Native Entities

Tether said in a press release that it plans to vote in favor of a proposed merger between Twenty One Capital and Bitcoin payments firm Strike, followed by a merger of the combined entities with Elektron Energy, a large-scale Bitcoin mining platform.

“If consummated, the transactions would allow the combined entity to leverage a strong balance sheet, a large-scale profitable operating business, and a financial services division built to spearhead Bitcoin adoption,” Tether said.

Twenty One Capital’s Shares Rise

Twenty One Capital debuted on the New York Stock Exchange in December as a Bitcoin-native company founded by Jack Mallers, who also serves…

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