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Jack Mallers, CEO of Bitcoin payments platform Strike, has reaffirmed his commitment to the company despite taking on a new role as CEO of Bitcoin treasury firm Twenty One Capital. In a letter to investors dated April 25, Mallers emphasized that his involvement with Twenty One is an extension of his dedication to Bitcoin, not a diversion from Strike’s mission.
“This is not a shift in my commitment; it’s an extension of it,” Mallers stated, underscoring that both companies share the same ethos: advancing Bitcoin’s adoption and utility.
**Strike’s Impressive Growth and Future Prospects**
Mallers shared key performance metrics for Strike, revealing that the platform processed over $6 billion in volume in 2024, marking a 600% year-on-year growth. With an 85% gross profit margin and zero customer acquisition costs, Strike is poised for significant profitability, expecting to generate 8-9 figures in net profit in 2025.
**Twenty One Capital’s Ambitious Bitcoin Strategy**
Twenty One Capital, launched on April 23, aims to become a leading vehicle for investors seeking capital-efficient Bitcoin exposure. The firm plans to debut with 42,000 Bitcoin, positioning itself as the third-largest corporate holder of the cryptocurrency. Backed by Tether, SoftBank, and Cantor Fitzgerald, Twenty One Capital seeks to pioneer Bitcoin-native financial tools and increase Bitcoin ownership per share (BPS).
**Community Speculation and Mallers’ Clarification**
The crypto community has speculated about the potential for Twenty One Capital to acquire Strike, with some suggesting Mallers might be pulling an “Elon Musk” by leading multiple ventures. However, Mallers has not indicated any such plans, maintaining that both companies operate independently but align in their Bitcoin-centric missions.
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