Tether Proposes Mergers Involving Bitcoin Treasury Company

(Bloomberg) -- Tether has proposed that Twenty One Capital merge with Strike, a crypto trading and spending platform, and Elektron Energy, a Bitcoin mining firm, at a time when Twenty One Capital’s main business of investing in Bitcoin has fallen out of favor.Most Read from BloombergNorth Korea Confirms Suicide Rule for Soldiers Ukraine CapturesUAE Quits OPEC as War Upends Oil Markets and Gulf Tensions RiseJunior Bankers Sick of Grunt Work Build $2 Billion AI Tool to Do the Job80 Seconds of Big