"Tether Investments proposed a merger between XXI and Jack Mallers' Strike on April 29, 2026, aiming to integrate Elektron Energy's 50 EH/s mining fleet to capture 5% of the global Bitcoin network."
"The merger would provide XXI with a steady stream of recurring revenue and a global distribution network, enhancing its position in the bitcoin industry."
"Elektron Energy, led by Raphael Zagury, manages approximately 50 EH/s, accounting for roughly 5% of the total Bitcoin network hashpower, producing over 5,500 bitcoins."
Tether Investments announced a strategic plan to merge Twenty-One Capital with Jack Mallers' Strike and Elektron Energy. This merger aims to create a powerful entity in the bitcoin sector, leveraging Strike's global financial services and Elektron Energy's substantial mining capabilities. The combined entity would be led by Raphael Zagury, focusing on bitcoin accumulation strategies and financial services. The merger is expected to enhance revenue streams and expand the global distribution network, significantly impacting the bitcoin market.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]