Tether Investments Proposes Major Bitcoin Merger for XXI and Strike – Bitcoin News
Tether Investments proposed a merger between XXI and Jack Mallers Strike on April 29, 2026.The deal integrates Elektron Energys 50 EH/s mining fleet to capture 5% of the global network.Raphael Zagury would lead the new XXI entity to expand accumulation strategies and financial services. Tether Backs Strike and Elektron Integration to Reshape XXI Capital The El Salvador-based investment arm of Tether, the world‘s largest digital asset company, intends to vote its shares in favor of combining XXI with Jack Mallers’ Strike. The proposal further seeks to merge that combined entity with Elektron Energy, a massive private platform. If the deal closes, it would unite a global financial services brand with large-scale infrastructure. Strike has established itself as a dominant player in the industry, offering services to buy, sell, and borrow against in over 100 countries. Under the leadership of Mallers, the company has remained profitable while building out regulatory infrastructure. The merger would provide XXI with a steady stream of recurring revenue and a global distribution network. On the infrastructure side, Elektron Energy brings significant industrial weight to the table. Led by Raphael Zagury, Elektron manages approximately 50 exahash per second (EH/s), which accounts for roughly 5% of the total network hashpower. The mining