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

Odaily News In response to Strike investors' questions about Jack Mallers' concurrent role as CEO of Twenty One, Jack Mallers published an investor letter on the X platform. He said that he is indeed currently the CEO of Bitcoin asset management company Twenty One Capital, but this will not affect his commitment and attention to Strike. Serving as CEO of the new company is not a transfer of commitment, but an extension. Strike focuses on promoting Bitcoin payments globally, while Twenty One Capital aims to develop Bitcoin native financial instruments to provide investors with more capital-efficient Bitcoin exposure.
Jack Mallers also disclosed that Strike processed more than $6 billion in transaction volume in 2024, achieved a year-on-year growth of 600%, a gross profit margin of 85%, and is expected to achieve an "eight to nine-digit" net profit in 2025.
Earlier news indicated that Strike founder Jack Mallers will lead Twenty One, a Bitcoin purchasing company supported by Tether. The company's sole purpose is to "maximize holdings of Bitcoin." It is reported that the company is supported by stablecoin issuer Tether, Softbank Group and Wall Street investment bank Cantor Fitzgerald. The company's articles of association clearly stipulate that it will only focus on the accumulation of Bitcoin assets. The huge initial holdings are equivalent to 0.2% of the current Bitcoin circulation, ranking among the top 5 Bitcoin holdings of global listed companies.