Bitcoiner Jack Mallers assures Strike investors, Twenty One won’t distract
Jack Mallers, CEO of Strike, has taken on the role of CEO at Bitcoin treasury firm Twenty One Capital, stating this will not detract from his commitment to Strike. Strike processed over $6 billion in volume in 2024, reflecting a 600% year-on-year growth and maintaining an 85% gross profit margin. Mallers emphasized that both companies have distinct goals: Strike aims to make Bitcoin globally accessible, while Twenty One focuses on increasing Bitcoin ownership per share and developing Bitcoin-native financial tools. Twenty One Capital launched on April 23 with backing from Tether, SoftBank, and Cantor Fitzgerald, planning to challenge existing investment strategies with 42,000 Bitcoin. Speculation exists regarding potential future acquisitions between the two firms, though no intentions have been confirmed.
