Strike CEO Jack Mallers reassured users that his commitment to Strike remains a top priority despite his new role as CEO at Bitcoin treasury firm Twenty One Capital. He also highlighted a major milestone: it processed more than $6 billion in volume throughout 2024. Mallers said:
If Bitcoin wins, humanity wins. Every business decision I make starts with one question: Is this good for Bitcoin? Twenty One exists because I believe it is good for Bitcoin and, therefore, good for the world.
Mallers said that Strike and Twenty One Capital are heading in different directions. Strike’s mission is to make Bitcoin available worldwide, while Twenty One is laser-focused on increasing Bitcoin ownership per share and developing Bitcoin-native financial tools.
This follows the Twenty One Capital announcement about its launch on Apr. 23, with support from Tether, Cantor Fitzgerald, and SoftBank.
Will Twenty One Capital acquire strike? Speculation grows
The company aims to challenge Michael Saylor’s Strategy to become a top choice for investors seeking a more capital-efficient way to gain Bitcoin exposure. It announced plans to launch with 42,000 Bitcoin. Mallers recently shared significant Strike metrics, revealing impressive figures for 2024.
Additionally, the firm handled over $6 billion in volume, saw a 600% increase in year-on-year growth, maintained a strong 85% gross profit margin, and achieved the remarkable feat of zero customer acquisition costs.
Mallers mentioned that even with a team of 75 employees, the company is on track to make 8-9 figures in net profit by 2025. Several crypto enthusiasts took to social media, asking how the logistics would work for Mallers and who is the CEO of Strike and Twenty One Capital.
Crypto commentator Alex asked in an X post on Apr.25, “What’s next for Strike? Will there be a new CEO, or is he going to pull an Elon Musk?” Similarly, Domingo Guerra also raised the question, “Who’s going to be running Strike?”
Meanwhile, several crypto enthusiasts are now speculating that Twenty One Capital might secure a Strike soon. Swan Bitcoin CEO Cory Klippsten also mentioned that it’s “probably safe to assume that the firm will end up acquiring Strike.”
