{"id":632702,"date":"2026-07-21T12:53:36","date_gmt":"2026-07-21T12:53:36","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/07\/21\/tether-backed-twenty-one-strike-merger-plan-scrapped-bloomberg\/"},"modified":"2026-07-21T12:53:36","modified_gmt":"2026-07-21T12:53:36","slug":"tether-backed-twenty-one-strike-merger-plan-scrapped-bloomberg","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/07\/21\/tether-backed-twenty-one-strike-merger-plan-scrapped-bloomberg\/","title":{"rendered":"Tether-backed Twenty One, Strike merger plan scrapped: Bloomberg"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-new-cryptoasset-reporting-framework-carf-what-investors-should-know-bitcoin-tether.jpg\" alt=\"Tether-backed Twenty One, Strike merger plan scrapped: Bloomberg\" class=\"type:primaryImage\" \/><\/p>\n<p>Strike will remain a standalone company after the proposed three-way merger was scrapped, while Twenty One Capital and Elektron continue discussions, Bloomberg reported.<\/p>\n<p>A proposed merger involving Tether-backed crypto companies Twenty One Capital, Strike and Elektron Energy has reportedly been scrapped.<\/p>\n<p>Jack Mallers will step down as CEO of Twenty One Capital while remaining CEO of Strike, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-07-21\/tether-s-three-way-crypto-deal-falls-apart-mallers-steps-down\" rel=\"noopener noreferrer\" target=\"_blank\">Bloomberg<\/a>.<\/p>\n<p>Strike will continue operating as a standalone company instead of combining with Twenty One Capital. Discussions between Twenty One and Elektron are continuing, Bloomberg reported. Tether holds majority stakes in both companies.<\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/tether-twenty-one-strike-merger-plan-scrapped-bloomberg\">Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Strike will remain a standalone company after the proposed three-way merger was scrapped, while Twenty One Capital and Elektron continue discussions, Bloomberg reported. A proposed merger involving Tether-backed crypto companies Twenty One Capital, Strike and Elektron Energy has reportedly been scrapped. Jack Mallers will step down as CEO of Twenty One Capital while remaining CEO [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":632703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-632702","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/632702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=632702"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/632702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/632703"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=632702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=632702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=632702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}