Tether Investments Outlines Proposed Mergers Involving Twenty One Capital

Tether proposes merging Twenty One Capital with Strike and Elektron Energy to build a broader Bitcoin platform, pending approval.

Deniz Saat

April 29, 2026 @ 7:35 PM PT

Tether Investments, S.A. de C.V. has announced proposed transactions involving Twenty One Capital (XXI), aimed at restructuring the company and expanding its scope.

Tether Investments Proposes Merger Plans at Twenty-One Capital to Accelerate its Strategic Direction

Read more: https://t.co/aed2IjaWwj
— Tether (@tether) April 29, 2026

The plan includes voting in favor of a merger between XXI and Strike, followed by a potential merger with Elektron Energy. The transactions remain subject to further review and agreement.

If completed, the transactions would combine capital, an operating business, and financial services to support Bitcoin adoption.

Strike, founded by Jack Mallers, provides Bitcoin financial services and operates in more than 100 countries.

Elektron Energy, led by Raphael Zagury, manages approximately 50 EH/s of mining capacity and has mined over 5,500 Bitcoin. The company reports all-in production costs below $60,000 per Bitcoin.

Tether Investments also indicated it plans to recommend Zagury as President if the transactions are completed.

Further details, including transaction terms and timelines, are expected to be disclosed as discussions progress.