Jack Mallers leaves Twenty One as Strike exits Tether's three-way bitcoin merger
Jack Mallers stepped down as CEO of Twenty One Capital on July 20, 2026 to return full time to Strike, and Strike withdrew from Tether's proposed three-way merger with Twenty One and Elektron Energy. Elektron founder Raphael Zagury took over as CEO; XXI shares fell almost 18%, and Twenty One holds 43,514 BTC.
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