Search results for Jack Mallers
Crypto
Twenty One CEO says limits to bitcoin holdings strategy, \'free money\' will not last
Bitcoin investment firm Twenty One Capital is shifting away from a strategy of issuing shares at a premium to its bitcoin holdings and using the proceeds to buy more bitcoin, its new CEO said. Raphael Zagury said the premium should converge toward net asset value as more firms pursue the same approach and warned that “free money” would not last. The company plans to expand operating businesses, develop bitcoin-backed products and build a lending platform, while first-quarter results show no operating revenue and a $10.57 million operating loss.
Crypto
Bitcoin finance platform Strike launches collateralised loan without margin calls
Bitcoin financial services platform Strike has launched a bitcoin-backed loan product that does not trigger margin calls or price-based forced liquidation even if bitcoin prices fall sharply. The product reduces liquidation risk in bear markets but comes with higher interest rates of 10.7 to 14.2 percent, a six-month term and strict repayment requirements. If borrowers miss payments, they must pay within 10 days or contact Strike, or collateral may be liquidated.
Crypto
Tether buys 26 percent stake in SoftBank-held Twenty One Capital, strengthens control
Stablecoin issuer Tether has bought about 26 percent of Twenty One Capital held by SoftBank Group, Cointelegraph reported on Tuesday. The purchase price was not disclosed. SoftBank was an early investor in Twenty One Capital, which launched in 2025 as a bitcoin treasury company backed by Cantor Fitzgerald and led by Jack Mallers. SoftBank-appointed directors will step down from the board following the ownership change.
