Jack Mallers Addresses Concerns Over Dual CEO Roles

According to Odaily, Jack Mallers, CEO of Strike, has addressed investor concerns regarding his new role as CEO of Bitcoin asset management firm Twenty One Capital. In a statement on the X platform, Mallers assured investors that his commitment to Strike remains unchanged. He emphasized that his leadership at Twenty One Capital is an extension of his efforts, not a shift in focus. Strike continues to prioritize the global promotion of Bitcoin payments, while Twenty One Capital aims to develop native Bitcoin financial tools to offer investors more efficient capital exposure. Mallers also revealed that Strike processed over $6 billion in transactions in 2024, marking a 600% year-over-year growth, with a gross profit margin of 85%. The company anticipates achieving net profits in the range of eight to nine figures in 2025. Previously, it was reported that Mallers would lead Twenty One, a Bitcoin purchasing company supported by Tether. The firm, backed by stablecoin issuer Tether, Softbank Group, and Wall Street investment bank Cantor Fitzgerald, is focused solely on accumulating Bitcoin assets. The company's charter specifies its exclusive dedication to Bitcoin asset accumulation, with an initial holding equivalent to 0.2% of the current Bitcoin circulation, placing it among the top five global public companies in Bitcoin holdings.