Original News Source - Bloomberg: https://archive.is/7RGbq
Backed by Tether and SoftBank, Twenty One Capital, led by Strike CEO Jack Mallers, will go public via a SPAC deal and launch with one of the largest Bitcoin treasuries in the world.
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150 sats \ 16 replies \ @grayruby 6h
Very odd considering he is already CEO of Strike which is not a fully developed company.
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40 sats \ 8 replies \ @kepford 2h
What is odd about it? And what is a fully developed company? What do you mean?
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299 sats \ 6 replies \ @grayruby 2h
I mean they are still expanding to new markets and into different product offerings. One would presume Strike would eventually like to be public. So it is odd that the CEO of a company still in growth mode would split time on another venture. I think when Dorsey split time between twitter and square, twitter was a much larger and more mature company than Strike is. Strike is still a startup.
@BlokchainB is an investor. How do you feel about Jack not focusing 100% on Strike?
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198 sats \ 2 replies \ @kepford 2h
Thanks. I suspect the $$$$ are the reason. Mallers is confident and he may be making a mistake. Maybe not.
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53 sats \ 1 reply \ @grayruby 2h
He has youth on his side.
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40 sats \ 0 replies \ @kepford 46m
Indeed
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93 sats \ 2 replies \ @BlokchainB 2h
Jack is a smart guy and he talks about being an avid chess player.
Maybe he is playing 4d chess to beat Jamie Dimon in his arena. He’s coming in with some major players with connections and deep pockets. So I have a hard time believing he will just abandon strike but I do think the fiat printer can cloud judgement which is a bigger risk.
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142 sats \ 1 reply \ @grayruby 2h
I am not suggesting he isn't going to do well at 21 just that it might negatively impact Strike's potential.
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97 sats \ 0 replies \ @BlokchainB 1h
I agree
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21 sats \ 0 replies \ @kepford 2h
Clip from Bloomberg.
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61 sats \ 2 replies \ @Coinsreporter OP 6h
Odd but their plans are big. To me the bigger surprise is Tether's more and more involvement in Bitcoin in recent days.
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33 sats \ 0 replies \ @elvismercury 1h
Tether has been deeply involved in btc since the beginning. Few companies stand to benefit more than they from btc appreciation.
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0 sats \ 0 replies \ @j7hB75 3h
I agree.
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10 sats \ 0 replies \ @ndBlindDog 58m
Well 21 Cap doesn't make anything. No shipping, no receiving, few if any employees. Its a Show About Northing!
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35 sats \ 2 replies \ @DarthCoin 6h
nothing to see here, just more fiat maximalism...
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10 sats \ 1 reply \ @dingding541 6h
Isn't this just paper Bitcoin Darth?
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25 sats \ 0 replies \ @DarthCoin 6h
worst than that... is even creating more fiat (debt) by selling that paper btc.... instead of destroying fiat, they sustaining it...
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0 sats \ 0 replies \ @Nzowashua 33m
Woow we are weiting for that big deal and game changing. I think is gonner be paradox
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