"Jack Mallers Balances Strike and Twenty One Success with Bitcoin"

Bitcoiner Jack Mallers’ Commitment to Strike and Twenty One Capital

CEO Jack Mallers has assured investors that his new role as CEO of Bitcoin treasury firm Twenty One Capital will not divert his focus from leading Strike. In a letter to Strike investors on April 25, Mallers emphasized that this new venture is an extension of his commitment, not a shift.

He stated, “If 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.”

Mallers clarified that while Strike focuses on making Bitcoin accessible globally, Twenty One Capital’s goal is to increase Bitcoin ownership per share (BPS) and develop Bitcoin-native financial tools. Despite being separate entities, both companies share the same ethos: “Bitcoin wins, we win.”

Twenty One Capital’s Launch and Objectives

Twenty One Capital made headlines on April 23 with its official launch, backed by notable investors such as Tether, SoftBank, and Cantor Fitzgerald. The firm aims to challenge Michael Saylor’s Strategy and become the preferred choice for investors seeking capital-efficient Bitcoin exposure. With plans to launch with 42,000 BTC, Twenty One Capital is poised to make a significant impact in the cryptocurrency space.

In sharing key metrics for Strike, Mallers revealed that in 2024, the platform processed over $6 billion in volume, achieved a 600% year-on-year growth, maintained an 85% gross profit margin, and incurred zero customer acquisition costs. Despite operating with a team of 75 employees, Strike anticipates generating 8-9 figures in net profit in 2025.

Speculations and Reactions in the Crypto Community

Following the announcement of Mallers’ dual roles, some in the crypto community expressed curiosity about how he would manage both Strike and Twenty One Capital. Speculations arose about the possibility of Twenty One Capital acquiring Strike in the future, although Mallers and Strike have not indicated any intention of such a move.

Amidst the uncertainties, industry participants like Swan Bitcoin CEO Cory Klippsten have hinted at the possibility of a future acquisition, suggesting that it may be on the cards. However, Mallers' focus remains steadfast on both ventures, ensuring that they continue to thrive in the evolving cryptocurrency landscape.

As Mallers embarks on this new chapter with Twenty One Capital, his dedication to advancing the adoption and growth of Bitcoin remains unwavering. Both Strike and Twenty One Capital are primed to make significant contributions to the cryptocurrency ecosystem, guided by Mallers’ vision of a world where Bitcoin’s success translates to humanity’s advancement.