Jack Mallers leaves Twenty One as Strike exits Tether's
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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