Business UpdateApr 30, 2026, 06:37 AM
XXI Outlines Strategy to Acquire Strike & Elektron; Expands Bitcoin Lending
AI Summary
Twenty One Capital, Inc. (XXI) announced its operating strategy to build an integrated Bitcoin company, centered on potential acquisitions of Strike, a Bitcoin financial services company, and Elektron, a global Bitcoin mining platform. CEO Jack Mallers presented on Strike's expanded Bitcoin-backed loans and lines of credit, now available across most of the US and internationally, with significantly lowered interest rates down to 7.49%. Strike also introduced lending proof of reserves and "Volatility Proof Loans" to protect against liquidation.
Key Highlights
- XXI outlines operating strategy to build an integrated Bitcoin company.
- Strategy centers on potential acquisitions of Strike (financial services) and Elektron (Bitcoin mining).
- Strike's Bitcoin-backed loans and lines of credit expanded across most of US and internationally.
- Lending product pricing lowered significantly, with rates as low as 7.49%.
- Strike launched lending proof of reserves, to be published quarterly with external auditors.
- Introduced "Volatility Proof Loans" to prevent liquidation during price drops for a fee.
- Partnership with Tether to enable segregated address collateral for certain large loans.