Raphael Zagury named CEO of Twenty One Capital
6.7 Investments Raphael Zagury is appointed CEO of Twenty One Capital as Jack Mallers steps down. The merger with Strike and Elektron Energy is canceled, and the company shifts its strategy.
Twenty One Capital has named Raphael Zagury as its new CEO, following the departure of Jack Mallers, who is stepping down to focus on Strike. This leadership transition comes after the cancellation of a proposed three-way merger involving Twenty One Capital, Strike, and Elektron Energy. Strike will continue to operate independently, while discussions between Twenty One Capital and Elektron Energy are ongoing. Under Mallers' leadership, Twenty One Capital became a significant Bitcoin holder and established a notable presence in public markets. The company is now shifting its strategy to prioritize building and acquiring high-quality operating businesses, with a focus on cash flow generation and disciplined capital allocation, rather than concentrating solely on Bitcoin holdings. Further updates on Twenty One Capital's future direction are expected in the coming months.
