Jack Mallers Quits Twenty One Capital as Tether's Bitcoin Merger Collapses
Jack Mallers Quits Twenty One Capital as Tether's Bitcoin Merger Collapses
Where Mallers built Twenty One's identity around aggressive Bitcoin accumulation, Zagury is promising institutional discipline. Per Tether's official announcement, Zagury said Twenty One "should be measured by the cash flow it generates and the discipline with which it allocates capital."
Bitcoin treasury companies as a category have faced growing skepticism since their initial surge. Twenty One company shares hit a 52-week high of $31.51 before sliding to a low of $4.81. In May 2026, Tether moved to consolidate control by buying out SoftBank's roughly 25% stake—a position the Japanese investment giant had originally paid $999.3 million to acquire.
This article has been published in Yahoo.com via Yahoo News.
Jack Mallers Quits Twenty One Capital as Tether's Bitcoin Merger Collapses
XXI stock dropped nearly 18% after the company's co-founder stepped down and Tether's plan to combine three Bitcoin firms officially fell apart.
finance.yahoo.com
