Jack Mallers announced his resignation as CEO of Twenty One Capital, the Tether-backed bitcoin treasury company he founded, to focus on his payments firm Strike. Raphael Zagury succeeds him as CEO of Twenty One Capital, which trades under the ticker $XXI. The company was assembled as one of the largest bitcoin treasury vehicles, positioned against Michael Saylor’s Strategy. Mallers described his decision as difficult but the right one, saying the experience brought tremendous clarity about who he is and what he wants to build.
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