Key Takeaways
- Jack Mallers said leading Twenty One Capital will not affect his role as Strike CEO.
- Strike processed over $6 billion in volume in 2024 with 600% growth and 85% gross margins.
- Twenty One Capital launched with backing from Tether, SoftBank, and Cantor Fitzgerald.
Strike CEO Jack Mallers has pledged that his new leadership role at Bitcoin treasury firm Twenty One Capital will not interfere with his commitment to Strike, emphasizing that both companies serve Bitcoin-focused missions.
Mallers wrote in an April 25 letter to Strike investors:
This is not a shift in my commitment; it’s an extension of it.
He explained that while Strike focuses on making “Bitcoin accessible globally,” Twenty One Capital aims to grow “Bitcoin ownership per share (BPS)” and create Bitcoin-native financial tools.
Mallers said:
These are separate companies, but they share the same ethos: Bitcoin wins, we win.
Launch of Twenty One Capital
The announcement follows the April 23 launch of Twenty One Capital, backed by Tether, SoftBank, and Cantor Fitzgerald.
The firm plans to debut with 42,000 Bitcoin, seeking to rival Michael Saylor’s Strategy as a leading vehicle for Bitcoin exposure.
Strike’s 2024 performance
Mallers also revealed Strike’s 2024 performance for the first time: the company processed over $6 billion in volume, achieved 600% year-over-year growth, maintained an 85% gross profit margin, and incurred zero customer acquisition costs.
Strike currently operates with 75 employees.
Future prospects & speculation
Despite some community speculation that Twenty One might eventually acquire Strike, Mallers has made no indication of such plans.
He said he expects Strike to generate…
… 8-9 figures in net profit in 2025.
