Tether-Owned Twenty One Capital's Shares Surge After Stablecoin Company Proposes Merger With Bitcoin Firm Strike

Tether (CRYPTO: USDT), the majority owner of Twenty One Capital (NYSE:XXI), suggested a three-way merger on Wednesday to strengthen the Bitcoin (CRYPTO: BTC) treasury firm's strategic outlook. Merger Of Bitcoin-Native Entities Tether said in a press release that it plans to vote in favor of a proposed merger between Twenty One Capital and Bitcoin payments firm Strike, followed by a merger of the combined entities with Elektron Energy, a large-scale Bitcoin mining platform.