After representatives of the Japanese investment bank left the board of directors, XXI shares rose by 5.6% to $8.05. Twenty One Capital is a joint BTC treasury of Tether, Cantor Fitzgerald, and SoftBank. They are the second-largest public company holding BTC after Strategy. XXI holds 43.5 thousand BTC ($3.4 billion), which is 0.21% of the coin's supply. In April, Tether announced that it would support the merger of XXI with Strike and Elektron Energy with its shares. Strike provides financial services, allowing trading of BTC and offering it as collateral. The company was founded by the current CEO of XXI, Jack Mallers. Elektron Energy is a miner with 5% of the BTC network's hash rate (50 EH/s). Tether stated that XXI would transition from a BTC treasury model to an operational business, generating revenue for BTC accumulation.