Twenty One Capital CEO Jack Mallers Resigns; Raphael Zagury Takes Helm

Dow Jones07-21

Twenty One Capital said co-founder Jack Mallers has stepped down as chief executive of the Bitcoin-focused operating company, and that board member Raphael Zagury has stepped in as CEO.

Twenty One on Tuesday said Mallers is leaving to focus on Strike, a digital payment provider that he founded.

Twenty One in April said it was considering acquiring Strike and Elektron Energy, a Bitcoin mining and infrastructure company founded by Zagury, to form a Bitcoin-native platform spanning financial services, mining infrastructure, capital markets and treasury.

The Austin, Texas, company on Tuesday said it was no longer pursing an acquisition of Strike, but that a combination with Elektron remains under evaluation.

Twenty One, which went public late last year through a blank-check merger with Cantor Equity Partners, said Zagury and Mallers are working together to ensure an orderly transition.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

July 21, 2026 07:53 ET (11:53 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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