According to Tether Investments, the company proposes merging Twenty-One Capital with Strike, Jack Mallers’ global bitcoin financial services platform, and Elektron Energy, a major bitcoin mining operator, on April 30. Elektron manages approximately 50 EH/s of hashrate (about 5% of global network) and has mined over 5,500 bitcoin with all-in costs below $60,000 per coin. Strike operates in over 100 countries. The combined entity will integrate bitcoin treasury management, mining, financial services, lending, and capital markets operations, with Elektron founder Raphael Zagury proposed as president.
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