Tether plans to merge Twenty-One Capital with Strike and Elektron, integrating their Bitcoin finance and mining businesses.

CoinFeed reported on April 30th that Tether Investments has announced a proposed merger between Twenty-One Capital, Bitcoin financial technology company Strike, and major Bitcoin mining company Elektron Energy, to strengthen its structure, capital allocation, and long-term development. Strike is a global Bitcoin financial services platform founded by Jack Mallers, covering more than 100 countries. Elektron Energy manages approximately 50 EH/s of hashrate (about 5% of the entire network) and has mined over 5,500 Bitcoins at a total cost of less than $60,000 per Bitcoin. Tether stated that if the transaction is completed, the merged entity will have a strong balance sheet, profitable operations, and a financial services division.