Jack Mallers, the man steering the ship at Strike, now finds himself at the helm of another vessel—the Bitcoin treasury outfit, Twenty One Capital. But don’t fret: he assures the world he’s not about to abandon the Strike wheel, even as the platform churns and grinds beyond $6 billion in volume this year.
“This ain’t me jumping ship,” Mallers wrote stiffly in a letter to the faithful on April 25. “It’s me adding another oar to the boat.”
A Win for Bitcoin Means a Win for The Rest of Us, Maybe
Mallers laid it out plain: if Bitcoin crawls from the muck to conquer the world, then the rest of humanity might just get a leg up too. Every move he makes starts with the tireless question: “Is this good for Bitcoin?” Twenty One isn’t some whimsical side hobby, no sir, it’s the natural next leap in pushing Bitcoin’s cause forward—whatever that means for the planet at large.
He explained Strike and Twenty One are cut from different cloths. Strike is the simple folk’s gateway, making Bitcoin a household word across the globe. Twenty One Capital, on the other hand, deals in Bitcoin ownership by the share and crafts financial tools that only a true Bitcoin nerd could dream up.
“Different boats, same sea,” Mallers said, as if hoping the metaphor would stick. “Bitcoin wins, and we all get to hitch a ride.”
Twenty One Capital threw its hat into the ring on April 23, backed by some big players like Tether, SoftBank, and Cantor Fitzgerald, aiming to give Michael Saylor’s strategy a run for its money. With 42,000 Bitcoin in tow, it’s not just talk—they mean business.
Mallers let slip some numbers for Strike that made heads nod: over $6 billion in volume for 2024, a wild 600% growth year-over-year, an 85% gross profit margin, and, get this, zero dollars spent on luring in customers. A lean machine, that one.
With a modest crew of 75 souls, Mallers says the company is on track to rack up an 8 to 9 figure net profit next year. Not bad for a Bitcoin outfit.
Of course, the crypto grapevine buzzes with questions. Folks like “Alex” on X wonder if Strike will get a new captain or if Jack will pull an Elon Musk stunt and juggle it all until something breaks. Domingo Guerra pipes up: “So, who’s really running Strike these days?”
Meanwhile, whispers suggest Twenty One Capital might gulp down Strike someday like a hungry whale. Cory Klippsten from Swan Bitcoin shrugs, saying, “Probably safe to bet on that.” Meanwhile, Daniel Sempere Pico just bluntly asks, “How long before Twenty One swallows Strike whole?”
But don’t hold your breath. Neither Mallers nor Strike have dropped a hint about any such swallowing plans—yet. For now, it’s just two boats bobbing on the same stubborn Bitcoin sea, hoping not to capsize.
😂⛵💰
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2025-04-26 05:25