Raphael Zagury, the newly appointed CEO of Bitcoin-focused public company Twenty One Capital, says the premium-funded model behind Bitcoin treasury firms cannot provide easy returns forever. His answer is to build cash-generating businesses around the […]
Jack Mallers is stepping down as chief executive of Twenty One Capital to focus on Strike, while Twenty One and the Bitcoin payments company abandon a contemplated combination. Raphael Zagury, a Twenty One board member […]
Key Takeaways Jack Mallers stepped down as Twenty One Capital CEO on July 20, returning full time to Strike. Raphael Zagury now leads Twenty One Capital, which holds 43,514 BTC worth roughly $2.9 billion. XXI […]
Tether International acquired SoftBank’s stake in XXI, becoming the dominant shareholder of the Bitcoin-focused company. SoftBank’s board representatives stepped down at closing, reshaping XXI’s governance ahead of its next development phase. Tether CEO Paolo Ardoino […]
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