Strike CEO Jack Malers said his new role as CEO of Bitcoin Treasury company Twenty One Capital will not distract him from the headline strike, which revealed the platform that was processed over $ 6 billion in volume in 2024.
“This is not a shift in my commitment; it is an extension of it,” Mallers said in a letter on April 25 to strike investors.
Each decision based on whether it is “Good to Bitcoin”
“If Bitcoin wins, humanity wins. Every business decision I make starts with a question: Is this good for Bitcoin? Twenty One exists because I think it’s good for Bitcoin and therefore good for the world,” Malers said.
Mallers explained that Strike, a Bitcoin payments platform and Twenty One Capital have different goals. He said Strike is focusing on making “Bitcoin available globally”, while Twenty One aims to increase “Bitcoin ownership per share (BPS) and Pioneer Bitcoin-Neat financial tools.”
“These are separate companies, but they share the same ethos: Bitcoin wins we win,” he said.
It comes after Twenty One Capital announced its launch on April 23 with the backing of Tether, Softbank and Cantor Fitzgerald.
The company is looking to challenge Michael Saylor’s strategy to become the “superior vehicle for investors seeking capital-efficient Bitcoin exposure.” It revealed its plans to launch with 42,000 Bitcoin (BTC).
Malers shared key metrics for strike public for the first time, revealing that the company posted over $ 6 billion in volume in 2024, registered 600% growth from year to year, maintained an 85% gross margin and reported zero customer purchases.
Mallers said the company, despite maintaining a team of 75 employees, expects to “generate 8-9 figures in the net profit in 2025.”
Several crypto enthusiasts had taken to social media to ask how logistics would work for mallers, being CEO of Strike and Twenty One Capital.
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Crypto commentator “Alex” asked in a 25th April X post, “What will be the fate of strike? New incoming CEO? Or will he pull an elon musk?” Similarly, Domingo Guerra asked: “Who will run strike!?”
Meanwhile, several Crypto industrialists have publicly speculated that Twenty One Capital may acquire strike in the future. Swan Bitcoin CEO Cory Klippsten said it is “Probably certain to assume that this company will acquire strike.”
Daniel Sempere Pico said, “How long before Twenty One acquires strike?” However, neither Mallers nor Strike has stated any intention to do so.
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