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

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

60-second summary

A proposed three-way merger between Strike, Twenty One Capital, and Elektron, backed by Tether, has been scrapped, with Strike set to remain a standalone company. Twenty One Capital and Elektron continue discussions, according to Bloomberg.

Strike will remain a standalone company after the proposed three-way merger was scrapped, while Twenty One Capital and Elektron continue discussions, Bloomberg reported.