Jack Mallers publishes investor letter to clarify that he is still the CEO of Strike, and the company achieved $6 billion in BTC payment transactions last year

Planet Daily News: Regarding the doubts raised by Strike investors about Jack Mallers serving as Twenty One CEO, Jack Mallers responded with an investor letter on the X platform. He stated that he has indeed become the CEO of the Bitcoin asset management company Twenty One Capital, but this will not affect his commitment and attention to Strike. Taking on the new company's CEO role is not a transfer of commitment, but an extension. Strike focuses on global Bitcoin payment promotion, while Twenty One Capital aims to develop native Bitcoin financial instruments to provide investors with more capital-efficient Bitcoin exposure. Jack Mallers also disclosed that Strike processed over $6 billion in transactions in 2024, achieving a 600% year-on-year growth, with a gross margin of 85%, and expects to reach "8 to 9-digit" net profit in 2025. Previously, it was reported that Strike founder Jack Mallers would lead Twenty One, a Bitcoin purchasing company supported by Tether, with the sole purpose of "maximizing Bitcoin accumulation". The company is reportedly supported by stablecoin issuer Tether, SoftBank Group, and Wall Street investment bank Cantor Fitzgerald. The company's charter explicitly focuses solely on Bitcoin asset accumulation, with an initial massive position equivalent to 0.2% of current Bitcoin circulation, ranking in the TOP 5 of listed companies' Bitcoin holdings globally.