Jack Mallers releases investor letter clarifying that he remains Strike CEO and the company achieved $6 billion in BTC payment trading volume last year

Odaily Planet Daily News: In response to questions from Strike investors about Jack Mallers serving as the CEO of Twenty One, Jack Mallers released an investor letter on X platform, stating that he has indeed taken on the role of CEO of Bitcoin asset management company Twenty One Capital. However, this will not affect his commitment and attention to Strike. Serving as the new CEO of the company is not a transfer of commitment, but an extension. Strike focuses on promoting Bitcoin payments globally, while Twenty One Capital aims to develop Bitcoin native financial tools to provide investors with more capital efficient Bitcoin exposure. Jack Mallers also revealed that Strike processed over $6 billion in transaction volume in 2024, achieving a year-on-year growth of 600%, a gross profit margin of 85%, and is expected to achieve a net profit of "8 to 9 figures" by 2025. Previously, it was reported that Jack Mallers, the founder of Strike, will lead Twenty One, a Bitcoin buying company supported by Tether. The company's sole purpose is to "maximize holdings of Bitcoin". It is reported that the company has received support from stablecoin issuers Tether, SoftBank, and Wall Street investment bank Cantor Fitzgerald. The company's articles of association clearly stipulate that it will only focus on accumulating Bitcoin assets, with a huge initial position equivalent to 0.2% of the current Bitcoin circulation, ranking among the top 5 Bitcoin holdings of global listed companies.