{"id":71855,"date":"2026-04-30T13:58:41","date_gmt":"2026-04-30T13:58:41","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/tether-investments-proposes-major-bitcoin-merger-for-xxi-and-strike-bitcoin-news\/"},"modified":"2026-04-30T13:58:41","modified_gmt":"2026-04-30T13:58:41","slug":"tether-investments-proposes-major-bitcoin-merger-for-xxi-and-strike-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/tether-investments-proposes-major-bitcoin-merger-for-xxi-and-strike-bitcoin-news\/","title":{"rendered":"Tether Investments Proposes Major Bitcoin Merger for XXI and Strike \u2013 Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p data-path-to-node=\"0\"><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li data-path-to-node=\"1,0,0\">Tether Investments proposed a merger between XXI and Jack Mallers\u2019 Strike on April 29, 2026.<\/li>\n<li data-path-to-node=\"1,1,0\">The deal integrates Elektron Energy\u2019s 50 EH\/s mining fleet to capture 5% of the global <span>Bitcoin<\/span> network.<\/li>\n<li data-path-to-node=\"1,2,0\">Raphael Zagury would lead the new XXI entity to expand <span>bitcoin<\/span> accumulation strategies and financial services.<\/li>\n<\/ul>\n<h2>Tether Backs Strike and Elektron Integration to Reshape XXI Capital<\/h2>\n<p>The El Salvador-based investment arm of Tether, the world\u2019s largest digital asset company, intends to vote its shares in favor of combining XXI with <a href=\"https:\/\/news.bitcoin.com\/jack-mallers-twenty-one-capital-bitcoin-proof-reserves-beats-gold\/\">Jack Mallers<\/a>\u2018 Strike. The <a href=\"https:\/\/tether.io\/news\/tether-investments-proposes-merger-plans-at-twenty-one-capital-to-accelerate-its-strategic-direction\/\" target=\"_blank\" rel=\"noopener noreferrer\">proposal<\/a> further seeks to merge that combined entity with Elektron Energy, a massive private <span>bitcoin mining<\/span> platform. If the deal closes, it would unite a global financial services brand with large-scale infrastructure.<\/p>\n<p>Strike has established itself as a dominant player in the <span>bitcoin<\/span> industry, offering services to buy, sell, and borrow against <span>BTC<\/span> in over 100 countries. Under the leadership of Mallers, the company has remained profitable while building out regulatory infrastructure. The merger would provide XXI with a steady stream of recurring revenue and a global distribution network.<\/p>\n<p>On the infrastructure side, Elektron Energy brings significant industrial weight to the table. Led by Raphael Zagury, Elektron manages approximately 50 exahash per second (EH\/s), which accounts for roughly 5% of the total <span>Bitcoin<\/span> network <a href=\"https:\/\/news.bitcoin.com\/hashpower-hot-zones-north-america-eurasia-and-latin-america-lead-bitcoins-hashrate-race\/\">hashpower<\/a>. The mining firm has successfully produced more than 5,500 bitcoins with an all-in production cost currently sitting below $60,000 per coin.<\/p>\n<p>Tether Investments recommended that Zagury serve as the president of the newly formed entity. The leadership structure aims to pair Mallers\u2019 consumer brand expertise with Zagury\u2019s background in capital markets and large-scale operations. This combination is designed to drive disciplined capital allocation as the firm expands its footprint.<\/p>\n<p>The proposed transactions would shift XXI from a simple treasury exposure vehicle into a comprehensive <span>bitcoin<\/span> platform. The new structure would encompass mining, lending, capital markets, and financial services. Proponents of the deal believe this integration will create the world\u2019s premier publicly listed <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> company.<\/p>\n<p>By absorbing Elektron\u2019s 50 EH\/s capacity, the combined entity would possess one of the most efficient cost structures in the mining sector. This operational depth is intended to fuel long-term <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> accumulation even during <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-volatility\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volatile<\/a> market cycles. Tether Investments emphasized that Elektron\u2019s team has a proven track record of executing infrastructure projects across various economic environments.<\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/tether-picks-canaan-modules-to-power-immersion-mining-sites\/\">Tether<\/a> Investments functions as an independent arm, deploying capital from Tether\u2019s profits into technology and infrastructure. The move signals a deeper commitment to the <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> ecosystem in the United States and global markets. The firm believes the merger will accelerate XXI\u2019s strategic direction and drive long-term value for shareholders.<\/p>\n<p>Specific details regarding the transaction terms and governance remain under discussion. Further updates on timelines and asset scope are expected as the parties move toward final agreements. For now, the market is watching how this consolidation of financial services and mining will impact the broader digital asset landscape.<\/p>\n<p>As the industry matures, the trend toward vertical integration continues to gain momentum. The proposed merger between XXI, Strike, and Elektron represents a significant step in that direction. If successful, the new XXI would represent a diversified bet on the future of the decentralized web.<\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/tether-investments-proposes-major-bitcoin-merger-for-xxi-and-strike\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: Tether Investments proposed a merger between XXI and Jack Mallers\u2019 Strike on April 29, 2026. The deal integrates Elektron Energy\u2019s 50 EH\/s mining fleet to capture 5% of the global Bitcoin network. Raphael Zagury would lead the new XXI entity to expand bitcoin accumulation strategies and [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":71856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71855"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=71855"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/71856"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=71855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=71855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=71855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}