{"id":96694,"date":"2026-04-30T15:03:49","date_gmt":"2026-04-30T12:03:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=96694"},"modified":"2026-04-30T15:05:15","modified_gmt":"2026-04-30T12:05:15","slug":"tether-proposes-bitcoin-conglomerate-with-xxi-strike-and-elektron","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tether-proposes-bitcoin-conglomerate-with-xxi-strike-and-elektron\/","title":{"rendered":"Tether Proposes Bitcoin Conglomerate with XXI, Strike, and Elektron"},"content":{"rendered":"<p>Tether&#8217;s investment division has proposed merging three companies to create a leading public entity in the bitcoin industry.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Tether Investments Proposes Merger Plans at Twenty-One Capital to Accelerate its Strategic Direction<\/p>\n<p>Read more: <a href=\"https:\/\/t.co\/aed2IjaWwj\">https:\/\/t.co\/aed2IjaWwj<\/a><\/p>\n<p>\u2014 Tether (@tether) <a href=\"https:\/\/twitter.com\/tether\/status\/2049595526803235049?ref_src=twsrc%5Etfw\">April 29, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The merger involves Twenty-One Capital (XXI), financial services provider Strike, and mining platform Elektron Energy.<\/p>\n<p>The combined entity will hold bitcoin treasury reserves, engage in cryptocurrency mining, and offer lending services.<\/p>\n<p>Strike will provide the financial services platform, global distribution, and regulatory infrastructure. Elektron will contribute bitcoin mining infrastructure and operational expertise. The platform manages a capacity of about 50 EH\/s, representing approximately 5% of the <a href=\"https:\/\/forklog.com\/en\/news\/what-are-hashrate-and-mining-difficulty-in-cryptocurrencies\">hashrate<\/a> of the network, and has mined over 5500 BTC.<\/p>\n<p>Tether Investments recommended appointing Elektron head Raphael Zagury as president of the merged company. He will oversee capital markets and operations, while Strike founder Jack Mallers will focus on product and brand development.<\/p>\n<p>The initiators believe the merger will transform XXI from a mere bitcoin holder into a platform with operational business, regular income sources, and cryptocurrency accumulation opportunities. Details of the deal will be disclosed as negotiations progress.<\/p>\n<p>At the time of writing, XXI ranks second among public companies in terms of bitcoin reserves, holding 43,514 BTC valued at approximately $3.3 billion.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-1b086e7ee4225cdc-3151809360762016.webp\" alt=\"Screenshot 2026-04-30 133448\" class=\"wp-image-279315\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/bitcointreasuries.net\/\">BitcoinTreasuries<\/a>.<\/figcaption><\/figure>\n<p>The company trails only Strategy (818,334 BTC) but surpasses Japan&#8217;s Metaplanet (40,177 BTC) and miner MARA Holdings (38,689 BTC).<\/p>\n<p>Institutional interest in such assets is also confirmed by actions of government entities. Canadian sovereign fund AIMCo, with assets of $142 billion, disclosed the purchase of 1.38 million shares of Strategy worth $219 million. This marks the first direct allocation in bitcoin-related instruments for one of Canada&#8217;s largest investment managers.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: $142 Billion Canadian government-owned Alberta Investment Management Corp just disclosed they bought 1.38 million shares worth $219 million of <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> treasury company Strategy <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MSTR<\/a> for the first time.<\/p>\n<p>One of Canada&#8217;s largest institutional manager just made first BTC\u2026 <a href=\"https:\/\/t.co\/oAwDleKbW5\">pic.twitter.com\/oAwDleKbW5<\/a><\/p>\n<p>\u2014 BitcoinTreasuries.NET (@BTCtreasuries) <a href=\"https:\/\/twitter.com\/BTCtreasuries\/status\/2049768860229018109?ref_src=twsrc%5Etfw\">April 30, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier in April, Tether, in partnership with Canaan and ACME Swisstech, <a href=\"https:\/\/forklog.com\/en\/news\/tether-unveils-modular-architecture-for-bitcoin-miners\">introduced<\/a> modular infrastructure for mining.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether&#8217;s investment division has proposed merging three companies to create a leading public entity in the bitcoin industry.<\/p>\n","protected":false},"author":1,"featured_media":96695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Tether proposes merging three firms to form a leading bitcoin entity.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1641,1245,1797],"class_list":["post-96694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-reserves","tag-tether-usdt","tag-twenty-one-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"Tether proposes merging three firms to form a leading bitcoin entity.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=96694"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96694\/revisions"}],"predecessor-version":[{"id":96696,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96694\/revisions\/96696"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/96695"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=96694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=96694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=96694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}