Jack Mallers has resigned to focus on his company Strike, which provides financial services with BTC. This came alongside the company’s отказ from the merger with XXI. Mallers will be replaced by Twenty One board member Rafael Zagury. He also heads a miner with 4.5% of the BTC network hashrate (46 EH/s), Elektron Energy. XXI continues the merger process with this company, which was announced in April. Tether says that Twenty One will move from a BTC treasury model to an operating, revenue-generating business for accumulating BTC. XXI is the second-largest holder of BTC among public companies. They hold 43.5 thousand BTC ($2.9 billion) — 0.2% of the coin’s supply.