Emre Yumlu 
Jack Mallers, CEO of Strike, has assured that his leadership role at the newly launched Bitcoin-focused firm Twenty One Capital will not interfere with his duties at Strike. In 2024, Strike processed over $6 billion in transaction volume, and the company is aiming for eight to nine figures in net profit by 2025.
“This isn’t a change in direction, but an expansion of my commitment,” Mallers wrote in a letter to Strike investors dated April 25.
Bitcoin at the Heart of Every Decision
Mallers explained that every major decision he makes begins with a single question: “Is this good for Bitcoin?“
“If Bitcoin succeeds, humanity succeeds,” he emphasized, noting that the creation of Twenty One Capital is meant to serve that greater purpose.
He pointed out that Strike’s primary mission is to make Bitcoin accessible worldwide, while Twenty One Capital is focused on increasing Bitcoin ownership per share (BPS) and building Bitcoin-native financial tools.
“These are two separate entities with distinct objectives, but they share the same philosophy: if Bitcoin wins, we win,” he added.
Twenty One Capital Launches with Strong Backing
Twenty One Capital officially launched on April 23, supported by major players like Tether, SoftBank, and Cantor Fitzgerald.
The firm aims to rival Michael Saylor’s Strategy and provide investors with more capital-efficient Bitcoin exposure, planning to launch with an impressive 42,000 Bitcoin.
Strike’s Impressive Growth Figures Revealed
For the first time, Mallers shared Strike’s internal performance data from 2024:
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Over $6 billion in transaction volume
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600% year-over-year growth
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85% gross profit margin
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Zero customer acquisition cost
Despite operating with a lean team of 75 employees, Strike anticipates achieving significant profitability in the upcoming year.
Concerns Over Dual CEO Role
Mallers’ simultaneous leadership at both Strike and Twenty One Capital has sparked questions across social media.
Several crypto commentators wondered if he would follow an “Elon Musk-style” approach, managing both companies, or if a new CEO would be appointed for Strike.
Meanwhile, speculation has emerged that Twenty One Capital might eventually acquire Strike.
Swan Bitcoin CEO Cory Klippsten suggested, “It’s probably safe to assume this company will acquire Strike,” while Daniel Sempere Pico echoed similar thoughts. However, neither Mallers nor Strike has confirmed any acquisition plans.
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