The shares of Twenty One Capital (XXI), a bitcoin-focused firm, rose by over 8% after majority shareholder Tether Investments proposed a merger with Strike and Elektron Energy. The merger, which would make XXI the premier listed Bitcoin company, aims to combine Bitcoin treasury, mining, financial services, lending, capital markets, and strategic consolidation into one integrated platform. No terms were disclosed for the merger. The combined entity would be led by Raphael Zagury, who manages approximately 5% of the current bitcoin network's computing power.