Tether-backed Twenty One, Strike merger plan scrapped: Bloomberg

Strike will remain a standalone company after a proposed three-way merger with Twenty One Capital and Elektron Energy was scrapped, according to Bloomberg. While Strike continues to operate independently, Twenty One Capital and Elektron Energy are still engaged in discussions. The plan for the three entities to merge has been officially abandoned, ensuring that Strike maintains its status as an independent organization while the other two parties continue their own separate deliberations regarding potential cooperation.