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Tether Investments just proposed a series of mergers that would combine Twenty-One Capital (XXI), Strike, and Elektron Energy into a single publicly traded entity.
Strike, founded by Jack Mallers, brings a profitable Bitcoin financial services platform available in 100+ countries. Elektron, led by Raphael Zagury, operates roughly 50 EH/s of Bitcoin mining capacity, approximately 5% of the global network, with all-in production costs below $60,000 per bitcoin. Elektron has mined over 5,500 BTC and runs cash-flow positive.
Tether intends to vote its XXI shares in favor of both mergers and is recommending Zagury serve as President alongside Mallers.
If completed, the combined company would integrate Bitcoin treasury, mining, financial services, lending, and capital markets into one public platform. Tether is calling it the "premier listed Bitcoin company in the world."
Transaction terms and timelines are still being worked out.
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"If I put $100 in Bitcoin in 2010, I'd have $730 million now."
No.
If you bought $100 of Bitcoin in 2010 and watched it go to:
$1k → $40k → $290K
and did nothing
Then watched $290K go to $26.3K
and still did nothing
Then watched $26.3K go to $2.5M
and still did nothing
Then watched $2.5M → $744K → $12.57M
and still did nothing
Then watched $12.57M deteriorate to $2.28M
Then watched $2.28M climb to $222M
and still did nothing
Then watched $222M shrink to $36.8M
and still did nothing
Then watched $36.8M surge to $730 million
and then for some reason finally decided to do something…
Then yes, $100 in 2010 would be worth $730 million today.