Twenty One Capital, Inc.
No enriched coverage for $XXI in the last 7 days.
Jack Mallers stepped down as CEO of Twenty One (XXI), a Tether-backed corporate Bitcoin treasury. The firm began trading Dec. 9, 2025, with about 43,500 BTC (~$4B). Tether gained full control in May 2026. The article links his exit to earlier public questions about mNAV and digital credit cash-flow assumptions. XXI shares fell about 13.5% to near $4.60.
Twenty One Capital (NYSE: XXI) shares fell about 18% to around $4.37 on July 21 after co-founder Jack Mallers abruptly resigned as CEO, citing a strategic disagreement with the board on long-term direction. The company’s prior expansion plan with Tether, Strike and Elektron was reported to be stalled, while a new CEO, Raphael Zagury, said XXI will focus more on cash flow and capital allocation.
Twenty One Capital (NYSE:XXI) shares fell 9.78% to $4.80. The company said founder and CEO Jack Mallers stepped down after board disagreements, with Raphael Zagury taking over. Its planned merger with Strike and Elektron Energy was terminated. The strategy shifts to an institutional Bitcoin operating company, prioritizing cash flow and lending, while an Elektron Energy acquisition remains preliminary.
Recent XXI coverage spans corporate actions, mergers & acquisitions and insider activity.
In the last 30 days, XXI insiders filed 2 SEC Form 4 transactions — no purchases and 2 sales ($1.6M). The most active reporter was Mallers Jack, See Remarks, with 2 filings.
Leadership exit and strategic pivot risk re-rating the corporate Bitcoin treasury model, especially if mNAV and digital credit assumptions are challenged.
Leadership exit plus abandonment of a proposed Tether-led consolidation plan increases uncertainty on strategy and near-term capital allocation.
Leadership change plus termination of the planned Strike and Elektron Energy combination is a direct strategy reset, likely keeping volatility elevated.
Management change and deal abandonment increase uncertainty around XXI’s capital markets, lending, and acquisition plans.
This is an insider sale to the issuer (buyback participation style), with holdings reduced to 0 shares.
alphai scores every news story that mentions XXI with an AI model for sentiment and relevance, and aggregates insider trades from Twenty One Capital, Inc.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Jack Mallers stepped down as CEO of Twenty One (XXI), a Tether-backed corporate Bitcoin treasury. The firm began trading Dec. 9, 2025, with about 43,500 BTC (~$4B). Tether gained full control in May 2026. The article links his exit to earlier public questions about mNAV and digital credit cash-flow assumptions. XXI shares fell about 13.5% to near $4.60.
6 min readTwenty One Capital (NYSE: XXI) shares fell about 18% to around $4.37 on July 21 after co-founder Jack Mallers abruptly resigned as CEO, citing a strategic disagreement with the board on long-term direction. The company’s prior expansion plan with Tether, Strike and Elektron was reported to be stalled, while a new CEO, Raphael Zagury, said XXI will focus more on cash flow and capital allocation.
6 min readTwenty One Capital (NYSE:XXI) shares fell 9.78% to $4.80. The company said founder and CEO Jack Mallers stepped down after board disagreements, with Raphael Zagury taking over. Its planned merger with Strike and Elektron Energy was terminated. The strategy shifts to an institutional Bitcoin operating company, prioritizing cash flow and lending, while an Elektron Energy acquisition remains preliminary.
4 min readTether-controlled Twenty One Capital (XXI) said Jack Mallers stepped down as CEO effective July 20 and will focus on Strike. Tether appointed Raphael Zagury as CEO. A proposed three-way merger of Twenty One, Strike, and Elektron Energy was abandoned, with Strike no longer participating; XXI is considering a two-way combination with Elektron and revising strategy toward acquisitions and bitcoin-backed lending.
4 min readMallers Jack (See Remarks) sold (to issuer) 307,253 shares of Twenty One Capital, Inc. (XXI) at $5.23 ($1.61M total) across 2 trades on 2026-07-20.
2 min readTwenty One Capital, Inc. (XXI) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. EX-10.2 3 ea029862901ex10-2.htm EMPLOYMENT AGREEMENT BETWEEN THE COMPANY AND RAPHAEL ZAGURY, DATED JULY 20, 2026 Exhibit 10.2 EXECUTION VERSION EMPLOYMENT AGREEMENT This Employment Agreement (this “ Agreement ”) is made and entered into as of July 20, 2026 (the “ Effective Date ”
4 min readCantor Equity Partners I (CEPO) terminated its planned merger with BSTR Holdings, saying it must renegotiate terms to reflect current market conditions. The July 2025 deal aimed to form a bitcoin treasury company and included a $1.5 billion PIPE, which was dropped. CEPO shares trade near $10.50. The article links the break to broader DATCO declines, citing MSTR, BMNR, ORBS, and XXI.
5 min readTwenty One Capital, Inc. (XXI) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. EX-10.1 2 ea029610401ex10-1.htm INDEPENDENT DIRECTOR AGREEMENT BETWEEN THE COMPANY AND KARL OLSONI, DATED JUNE 30, 2026 Exhibit 10.1 Certain personally identifiable information has been omitted from this exhibit pursuant to item 601(a)(6) of Regulation S-K. [***] indicates that i
2 min readTwenty One Capital, Inc. (XXI) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. EX-10.1 2 ea029381701ex10-1.htm INDEPENDENT DIRECTOR AGREEMENT BETWEEN THE COMPANY AND PAUL LALLJIE, DATED JUNE 5, 2026 Exhibit 10.1 Certain personally identifiable information has been omitted from this exhibit pursuant to item 601(a)(6) of Regulation S-K. [***] indicates that i
2 min readAs of May 26, 2026, a tracker cited by Bitcoin Treasuries says 254 entities hold 3,914,822 BTC, about 18.6% of the 21 million supply. ETFs lead with 1,499,344 BTC (7.14%), ahead of public companies (1,198,352) and governments (518,526). Strategy (MSTR) holds 843,738 BTC; it bought 24,869 BTC for $2.01B in May and reported YTD BTC yield of 13.3%.
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