Jack Mallers steps down as Twenty One Capital CEO to focus on Strike

Tether International announced on Tuesday that Twenty One Capital has appointed Raphael Zagury as its chief executive, succeeding Jack Mallers, who is leaving the role to focus on Strike, the Bitcoin payments company he founded.

The companies said the transition will be managed through an orderly transfer of responsibilities and confirmed they are no longer considering merging Twenty One Capital with Strike, deciding that Strike will continue as an independent company.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.