Shares of Twenty One Capital jump after proposed merger with Bitcoin firm Strike and Elektron Energy.

Tether, the majority owner of Twenty One Capital, announced plans to support a three-way merger involving Twenty One Capital, Bitcoin payments company Strike, and Bitcoin mining platform Elektron Energy. This merger aims to create a stronger combined entity with a robust balance sheet and diversified Bitcoin-related operations, enhancing its position in the Bitcoin ecosystem. Following the announcement, Twenty One Capital's shares rose by over 5% in after-hours trading. The merger could accelerate Bitcoin adoption through integrated financial services and mining operations.