Twenty One Capital merger plan scrapped; Jack Mallers steps down as CEO

Twenty One Capital, a listed company with a Bitcoin treasury strategy, has withdrawn a planned merger with Strike and Elektron Energy, Cointelegraph reported. Jack Mallers has also stepped down as CEO of Twenty One Capital, and Raphael Zagury, founder and CEO of Elektron, has been appointed as his successor. No specific reason for canceling the merger has been disclosed.