{"id":128005,"date":"2025-04-26T04:18:52","date_gmt":"2025-04-26T04:18:52","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128005"},"modified":"2025-04-26T04:18:52","modified_gmt":"2025-04-26T04:18:52","slug":"bitcoiner-jack-mallers-vows-not-to-let-twenty-one-distract-from-strike","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128005","title":{"rendered":"Bitcoiner Jack Mallers vows not to let Twenty One distract from Strike"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsStrike CEO Jack Mallers said his new role as CEO of Bitcoin treasury firm Twenty One Capital won\u2019t distract him from heading Strike, revealing the platform processed over $6 billion in volume in 2024.<br \/>\n\u201cThis is not a shift in my commitment; it\u2019s an extension of it,\u201d Mallers said in an April 25 letter to Strike investors.<br \/>\nEvery decision based on if it is \u201cgood for Bitcoin\u201d<br \/>\n\u201cIf 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,\u201d Mallers said.<br \/>\nMallers explained that Strike, a Bitcoin payments platform, and Twenty One Capital have different goals. He said Strike focuses on making \u201cBitcoin accessible globally,\u201d while Twenty One aims to increase \u201cBitcoin ownership per share (BPS) and pioneer Bitcoin-native financial tools.\u201d<br \/>\n\u201cThese are separate companies, but they share the same ethos: Bitcoin wins, we win,\u201d he said.<br \/>\nSource: Jack MallersIt comes after Twenty One Capital announced its launch on April 23, with the backing of Tether, SoftBank and Cantor Fitzgerald.<br \/>\nThe firm is looking to challenge Michael Saylor\u2019s Strategy to become the \u201csuperior vehicle for investors seeking capital-efficient Bitcoin exposure.\u201d It revealed its plans to launch with 42,000 Bitcoin (BTC).<br \/>\nSource: Michael SaylorMallers shared key metrics for Strike publicly for the first time, revealing that in 2024, the firm posted over $6 billion in volume, recorded 600% year-on-year growth, maintained an 85% gross profit margin, and reported zero customer acquisition costs.<br \/>\nMallers said that despite maintaining a team of 75 employees, the company expects to \u201cgenerate 8-9 figures in net profit in 2025.\u201d<br \/>\nSeveral crypto enthusiasts had taken to social media to ask how the logistics would work for Mallers, being the CEO of Strike and Twenty One Capital.<br \/>\nRelated: 5 Bitcoin charts predicting BTC price rally toward $100K by May<br \/>\nCrypto commentator \u201cAlex\u201d asked in an April 25 X post, \u201cWhat will be the fate of Strike? New incoming CEO? Or will he pull an Elon Musk?\u201d Similarly, Domingo Guerra asked, \u201cWho will be running Strike!?\u201d<br \/>\nMeanwhile, several crypto industry participants have publicly speculated that Twenty One Capital may acquire Strike in the future. Swan Bitcoin CEO Cory Klippsten said it is \u201cprobably safe to assume that this company will acquire strike.\u201d\u00a0<br \/>\nDaniel Sempere Pico said, \u201cHow long before Twenty One acquires Strike?\u201d However, neither Mallers or Strike has indicated any intention of doing so.<br \/>\nMagazine: Pok\u00e9mon on Sui rumors, Polymarket bets on Filipino Pope: Asia Express<a href=\"https:\/\/cointelegraph.com\/news\/strike-ceo-jack-mallers-bitcoin-stance-commitment-twenty-one-capital?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsStrike CEO Jack Mallers said his new role as CEO of Bitcoin treasury firm Twenty One Capital won\u2019t distract him from heading Strike, revealing the platform processed over&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128005"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128005"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128005\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128005"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}