Tether to vote in favor of Twenty One Capital, Strike merger

Tether announced on April 29 that its investment arm, Tether Investments, will vote its shares in favor of a proposed merger between publicly listed Bitcoin strategy firm Twenty One Capital and Bitcoin financial services provider Strike. The proposal also includes a subsequent merger of the combined entity with large-scale Bitcoin mining platform Electron Energy. Tether stated that the series of transactions could improve the resulting company's financial condition, profitability, and ability to accelerate Bitcoin adoption. The stablecoin issuer added that if the mergers are successful, it will recommend Electron's founder and CEO, Raphael Zagury, to serve as president of the new company.