{"id":27098,"date":"2026-04-30T05:25:21","date_gmt":"2026-04-30T05:25:21","guid":{"rendered":"https:\/\/bitunikey.com\/news\/twenty-one-capital-jumps-as-tether-backs-strike-merger-plan\/"},"modified":"2026-04-30T05:25:33","modified_gmt":"2026-04-30T05:25:33","slug":"twenty-one-capital-jumps-as-tether-backs-strike-merger-plan","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/twenty-one-capital-jumps-as-tether-backs-strike-merger-plan\/","title":{"rendered":"Twenty One Capital jumps as Tether backs Strike merger plan"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p><strong>Twenty One Capital shares rose after hours after Tether backed a proposed merger with Strike and Elektron Energy.\u00a0<\/strong><\/p>\n<div id=\"cn-block-summary-block_142d863544a8ffd419bd76a5663781ea\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Twenty One Capital shares gained after hours after Tether backed a three-way Bitcoin merger plan.<\/li>\n<li>Strike would add payments and financial services, while Elektron would bring Bitcoin mining infrastructure.<\/li>\n<li>Tether said the deal could move Twenty One beyond Bitcoin treasury exposure alone.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/tether.io\/news\/tether-investments-proposes-merger-plans-at-twenty-one-capital-to-accelerate-its-strategic-direction\/\" target=\"_blank\" rel=\"nofollow\">plan<\/a> could move the Bitcoin-buying company beyond treasury holdings and into payments, mining, and financial services.<\/p>\n<p>Tether said it intends to vote in favor of merging Twenty One Capital with Strike. The combined company would then merge with Bitcoin mining firm Elektron Energy.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The proposal would bring together three parts of the Bitcoin market. Strike would add payments, distribution, and regulatory infrastructure. Elektron would add mining operations and execution capacity.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Twenty One Capital shares climb after hours<\/strong><\/h2>\n<p>Twenty One Capital shares <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.google.com\/finance\/quote\/XXI:NYSE\" target=\"_blank\" rel=\"nofollow\">closed<\/a> Wednesday down 1.7% at $7.83. However, the stock later rose to $9.28 in after-hours trading.<\/p>\n<p>The shares settled at $8.35 after the bell, marking a 6.6% gain. The move came as investors reacted to Tether\u2019s merger proposal.<\/p>\n<p>Moreover, Tether proposed Elektron founder and CEO Raphael Zagury as president of the merged company. Strike founder Jack Mallers would also hold an executive role.<\/p>\n<p>Tether said the proposed structure would combine \u201cMallers\u2019 product, brand, and consumer Bitcoin leadership\u201d with \u201cZagury\u2019s capital markets, operating, and execution experience.\u201d<\/p>\n<h2 class=\"wp-block-heading\"><strong>Bitcoin strategy could expand<\/strong><\/h2>\n<p>Twenty One Capital went public in December through a merger with Cantor Equity Partners. It launched with 43,500 Bitcoin and aimed to grow Bitcoin per share.<\/p>\n<p>The company now holds 43,514 Bitcoin. It ranks second among public companies, behind Strategy, Inc., which holds 818,334 Bitcoin.<\/p>\n<p>Tether said the deal could move Twenty One beyond treasury exposure alone. It added that the company could build operating businesses, recurring revenue, and long-term Bitcoin accumulation capacity.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Twenty One Capital shares rose after hours after Tether backed a proposed merger with Strike and Elektron Energy.\u00a0 Summary Twenty One Capital shares gained after hours after Tether backed a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=27098"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27098\/revisions"}],"predecessor-version":[{"id":27099,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27098\/revisions\/27099"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9485"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=27098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=27098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=27098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}