Jack Mallers' Twenty One Capital surges after majority holder Tether proposes 3-way merger

coindesk
2026.04.29 22:25
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Tether Investments has proposed a merger involving Twenty One Capital (XXI), Strike, and Elektron Energy, aiming to create a unified public company encompassing bitcoin treasury, mining, financial services, lending, and capital markets. Following the announcement, XXI shares rose nearly 8% in after-market trading on Wednesday.