Driving long-term worth by means of the proposed merger
April 29, 2026 – Tether Investments, SA de CV (“Tether Investments”) right this moment introduced its proposal for the following part of Twenty One Capital (XXI) by means of a sequence of proposed transactions geared toward strengthening the construction, capital allocation, and long-term trajectory of Twenty One Capital (XXI).
As a part of this effort, Tether Investments will vote in favor of the proposed merger of XXI with Strike, a number one Bitcoin monetary providers firm, and the mixed entity’s proposed merger with Electron Power, a big Bitcoin mining platform.
As soon as the transaction closes, the mixed firm will profit from a powerful steadiness sheet, giant and worthwhile enterprise operations, and a monetary providers division constructed on the forefront of Bitcoin adoption. Strike will contribute a worthwhile monetary providers platform, world distribution and regulatory infrastructure, and Elektron will add intensive Bitcoin mining infrastructure, operational depth, and confirmed execution capabilities.
Strike is a world Bitcoin monetary providers firm that permits people and companies to purchase, promote, maintain, commerce, and borrow Bitcoin. Based by Jack Mallers, Strike is worthwhile, trusted, and some of the well-known manufacturers in Bitcoin. Strike is accessible in over 100 international locations and is targeted on offering easy, safe, and compliant merchandise that make Bitcoin accessible to everybody.
Led by Raphael Zagury, Elektron is without doubt one of the world’s largest non-public Bitcoin mining operators, managing roughly 50 EH/s throughout its platforms, which is roughly 5% of the present Bitcoin community. Elektron has constructed a extremely worthwhile, cash-flowing platform centered on low-cost administration, disciplined capital allocation, and speedy execution. Elektron has mined greater than 5,500 Bitcoins throughout its managed portfolio and displays some of the environment friendly value buildings within the Bitcoin mining trade, with present all-in Bitcoin manufacturing prices of lower than $60,000 per Bitcoin. Elektron’s crew has demonstrated the power to deploy, optimize, and function large-scale Bitcoin mining infrastructure throughout market cycles.
Tether Investments additionally plans to appoint Electron founder and CEO Rafael Zagli as president. The proposed management construction goals to mix Mallard’s product, model and client Bitcoin management with Zagree’s capital markets, operational and execution expertise.
Upon completion of those transactions, XXI will develop into a public firm that mixes Bitcoin treasury, mining, monetary providers, lending, capital markets, and strategic integration into one built-in platform, making it the world’s largest publicly traded Bitcoin firm. The built-in transaction will transfer XXI past simply monetary publicity to a platform with operational companies, recurring income alternatives, and long-term Bitcoin accumulation capabilities.
Additional particulars concerning transaction phrases, timelines, governance concerns and particular property inside the scope of the merger shall be supplied as discussions progress.
About Tether Funding
Tether Investments is the impartial funding arm of Tether, the biggest digital asset firm. Primarily based in El Salvador, Tether Investments deploys capital from Tether earnings throughout a variety of sectors on the intersection of know-how, infrastructure, and real-world utilities.
Tether Investments’ portfolio contains investments in synthetic intelligence, monetary providers, vitality, biotechnology, schooling, and digital media, in addition to strategic stakes in industries akin to commodities, cash transfers, and sports activities and leisure. Tether Investments helps ventures with long-term potential to enhance entry, effectivity and resilience in each rising and developed markets. Its efforts assist Tether’s broader mission to strengthen decentralized methods, promote infrastructure resiliency, and broaden real-world entry to open and clear know-how.
