Bitcoin treasury Twenty One Capital has named Raphael Zagury as its chief executive officer, a leadership change that arrives seven months after the firm listed on the New York Stock Exchange. 

Zagury succeeds founder Jack Mallers, who is stepping down to focus on his Bitcoin payments company, Strike. 

Speaking on the transition, Mallers said, “I’m grateful to everyone at XXI and everyone who believed in what we built,” said Jack Mallers. “Serving Bitcoiners has always been the mission, and that doesn’t change. Strike is where I carry it forward.”

Austin, Texas-based Twenty One, which trades under the ticker “XXI” on the NYSE, said it would focus on becoming…

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