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$BTC 🟠 Tether wants a Bitcoin giant
Tether Investments has proposed a three-way merger between Twenty-One Capital, Strike and Elektron Energy. The goal is one publicly traded Bitcoin platform covering treasury management, financial services and mining. Twenty-One holds 43,514 BTC worth roughly $3.3 billion.
Strike just secured a $2.1 billion credit facility to meet lending demand. Elektron Energy manages roughly 5% of the entire Bitcoin network, with production costs below $60,000 per Bitcoin. If this merger closes, it would be the most vertically integrated Bitcoin business ever listed. 👻⚡️