Tether Rethinks XXI’s Bitcoin Treasury Model After Just 7 Months
Seven months after Twenty One Capital listed, Tether-backed XXI shifted away from aggressive bitcoin accumulation as Jack Mallers resigned as CEO and Strike exited the planned three-way merger. New CEO Raphael Zagury said the company should be judged on cash flow it generates; XXI holds 43,514 BTC and its stock fell nearly 18%.
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