Tether Investments, the funding arm of stablecoin issuer Tether and a majority shareholder of Twenty-One Capital (XXI), has unveiled a plan aimed toward turning XXI into the “premier listed Bitcoin firm on the planet.”
In a latest announcement, the agency stated it plans to vote to merge Twenty-One Capital with Bitcoin monetary companies agency Strike and miner Elektron Power.
Tether to Vote for Twenty One Capital Merger With Strike, Elektron
Underneath the proposal, Twenty-One Capital would first merge with Strike, Jack Mallers’ Bitcoin monetary companies agency working in additional than 100 nations. The mixed entity would then merge with Elektron Power, a large-scale Bitcoin mining platform.
The merger would remodel XXI right into a agency that mixes treasury, mining, monetary companies, lending, and capital markets below a single public platform.
“If consummated, the transactions would enable the mixed entity to leverage a powerful steadiness sheet, a large-scale worthwhile working enterprise, and a monetary companies division constructed to spearhead Bitcoin adoption,” Tether Investments famous.
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The agency additionally acknowledged that it’s going to advocate Elektron CEO Raphael Zagury to function president of the merged firm. The construction would pair Mallers’ shopper management with Zagury’s background in mining operations and capital markets.
Tether Investments has not disclosed transaction phrases, timelines, or governance particulars. The agency stated additional data will observe as discussions progress.
Twenty-One Capital ranks because the second-largest public holder of Bitcoin. The agency holds over 43,500 BTC on its steadiness sheet, in response to BitcoinTreasuries.
Its inventory, XXI, was listed on the New York Inventory Change (NYSE) in December 2025. The inventory has declined over 10% in 2026 to this point.
Nonetheless, it responded positively to Wednesday’s announcement. XXI jumped greater than 6.6% in after-hours buying and selling to $8.35.
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The publish Tether Proposes Plan to Make Twenty One Capital “Premier Bitcoin Firm” appeared first on BeInCrypto.