CEO Jack Mallers reaffirmed his commitment to Strike and projected that the company would generate net profits ranging from eight to nine figures in 2025.
Strike CEO Jack Mallers assured that his appointment as CEO of Bitcoin treasury company Twenty One Capital would not distract him from leading Strike. He also disclosed that the platform handled over $6 billion in transaction volume throughout 2024.
All Decisions Driven by Whether They’re “Good for Bitcoin”
Mallers stated, “If Bitcoin succeeds, humanity succeeds,” and emphasized that he bases every business decision on the question, “Is this beneficial for Bitcoin?” He explained that he founded Twenty One on the belief that its existence supports Bitcoin and, by extension, benefits the world.
Mallers clarified that Strike and Twenty One Capital pursue distinct objectives. He stated that Strike aims to make Bitcoin “accessible on a global scale,” while Twenty One Capital focuses on increasing “Bitcoin ownership per share (BPS)” and developing pioneering Bitcoin-native financial instruments.
Twenty One Capital announced its launch on April 23, with backing from Tether, SoftBank, and Cantor Fitzgerald.
The firm is actively challenging Michael Saylor’s Strategy by positioning itself as the “superior vehicle for investors seeking capital-efficient Bitcoin exposure.” It also disclosed plans to launch with 42,000 Bitcoin.
Mallers publicly shared key metrics for Strike for the first time, revealing that the firm posted over $6 billion in volume in 2024, achieved 600% year-on-year growth, maintained an 85% gross profit margin, and reported zero customer acquisition costs.
Mallers stated that even with a team of just 75 employees, the company expects to generate net profits ranging between eight to nine figures in 2025.
Several crypto enthusiasts used social media platforms to ask how Mallers would handle the logistical challenges of serving as CEO of both Strike and Twenty One Capital.
On April 25, crypto commentator Alex posted an inquiry on X about the future leadership of Strike, asking whether the company would appoint a new CEO or if Mallers would manage it like Elon Musk. Likewise, Domingo Guerra questioned who would take charge of running Strike.
At the same time, several crypto industry participants publicly speculated that Twenty One Capital could potentially acquire Strike in the future. Swan Bitcoin CEO Cory Klippsten suggested, “This company will probably acquire Strike.”
Daniel Sempere Pico asked, “How long before Twenty One acquires Strike?” However, neither Mallers nor Strike has indicated any such intention.
