A commitment to Strike was reaffirmed by CEO Jack Mallers, who projected that net profits amounting to eight to nine figures would be anticipated for the company in 2025.
It was assured by Strike CEO Jack Mallers that his appointment as CEO of Bitcoin treasury company Twenty One Capital would not cause any distraction from leading Strike, with it being disclosed that the platform handled over $6 billion in transaction volume throughout 2024.
In an April 25 letter addressed to Strike investors, it was conveyed by Mallers that “this should not be viewed as a change in my commitment, but rather as an expansion of it.”
It was stated by Mallers that “if Bitcoin succeeds, humanity succeeds,” emphasizing that every business decision made by him is guided by the question: “Is this beneficial for Bitcoin?” It was explained by him that Twenty One had been founded based on the belief that its existence supports Bitcoin and, by extension, benefits the world.
It was clarified by Mallers that distinct objectives are pursued by Strike and Twenty One Capital. It was stated that Strike is dedicated to making Bitcoin “accessible on a global scale,” while it was noted that Twenty One Capital is committed to increasing “Bitcoin ownership per share (BPS)” and developing pioneering Bitcoin-native financial instruments.
The launch of Twenty One Capital was announced on April 23, with its backing provided by Tether, SoftBank, and Cantor Fitzgerald.
An effort is being made by the firm to challenge Michael Saylor’s Strategy by positioning itself as the “superior vehicle for investors seeking capital-efficient Bitcoin exposure.” Its plans to launch with 42,000 Bitcoin were disclosed.
Key metrics for Strike were publicly shared by Mallers for the first time, disclosing that over $6 billion in volume was posted by the firm in 2024, a 600% year-on-year growth was achieved, an 85% gross profit margin was maintained, and zero customer acquisition costs were reported.
It was stated by Mallers that, even with a team size maintained at 75 employees, net profits ranging between eight to nine figures are anticipated by the company for 2025.
Social media platforms had been used by several crypto enthusiasts to inquire about how the logistical challenges would be handled by Mallers while serving as CEO of both Strike and Twenty One Capital.
An inquiry regarding the future leadership of Strike had been posted by crypto commentator Alex on April 25 via X, questioning whether a new CEO would be appointed or if Mallers would manage it similarly to Elon Musk. Likewise, Domingo Guerra had raised the question of who would be tasked with running Strike.
At the same time, speculation had been voiced publicly by several crypto industry participants that a future acquisition of Strike by Twenty One Capital could be possible. It was suggested by Swan Bitcoin CEO Cory Klippsten that “this company will probably acquire Strike.”
A question was posed by Daniel Sempere Pico, asking, “How long before Strike gets acquired by Twenty One?” However, no indication of such an intention has been given by either Mallers or Strike.
