Twenty One Capital rises on proposed merger with Strike and Elektron
Twenty One Capital's shares surged 6.6% after-hours following Tether's announcement of a proposed three-way merger with Strike and Elektron Energy. The deal combines Bitcoin payments infrastructure, mining operations, and capital markets expertise. Twenty One, holding 43,514 Bitcoin, aims to expand beyond treasury holdings into recurring revenue streams. Leadership will merge Jack Mallers' consumer focus with Elektron CEO Raphael Zagury's operational expertise.
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