Strike founder Jack Mallers said he left Twenty One Capital after determining that he and the company’s board had fundamentally different visions for building the business.
Mallers’ departure became public on Monday alongside changes to the proposed consolidation of Twenty One Capital, Strike and Elektron Energy into a Bitcoin-focused company.
With Strike no longer involved and Elektron Energy’s Raphael Zagury taking over as chief executive of Twenty One, it remains uncertain whether the remaining merger plans will proceed.
“I thought we had an opportunity to build something very specific. Not only a company built on Bitcoin, not only a company built with Bitcoin on its balance sheet, but also a company with Bitcoin businesses producing cash flow built alongside of it. That was the vision that I believed in. That is still the vision that I believe in,” Mallers said in a video message.
Although Mallers described the decision as difficult, he said it was the best outcome for the company, its shareholders and the Bitcoin ecosystem.
