TheBlock
Twenty One Capital will appoint Raphael Zagury as CEO on July 20, replacing founder Jack Mallers, who is returning full-time to Strike, his bitcoin payments company.
The company also confirmed Strike is leaving the three-way merger proposed by Tether in April. That leaves a possible two-way combination between Twenty One and bitcoin miner Elektron Energy under evaluation.
The announcement combines a leadership transition with a narrower transaction path for a company tied to Bitcoin infrastructure.
Frequently asked questions
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When does Raphael Zagury become Twenty One Capital's CEO?
Raphael Zagury becomes CEO on July 20, replacing founder Jack Mallers.
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Why is Jack Mallers leaving Twenty One Capital?
Mallers is stepping down to return full-time to Strike, his bitcoin payments company.
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Which merger is Strike leaving?
Strike is leaving the three-way merger proposed by Tether in April.
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Which combination remains under evaluation?
A possible two-way combination between Twenty One Capital and bitcoin miner Elektron Energy remains under evaluation.
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What is the broader significance of the announcement?
The announcement brings a leadership transition at Twenty One Capital and narrows the company's potential merger path.
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