Tether News & Analysis
2 articles
Market Mood
Twenty-One (XXI) Proposes Merger with Strike and Elektron for Bitcoin Dominance
Tether Investments announced a proposed merger between Twenty-One Capital (XXI), Strike, and Elektron Energy, aiming to create a leading publicly traded Bitcoin entity. Twenty-One Capital holds over $3.3 billion in Bitcoin and recently traded at $8.06 with a 3% increase. Strike has secured a $2.1 billion credit facility to enhance lending options and operates in over 100 countries. Elektron Energy has mined over 5,500 Bitcoin and maintains production costs below $60,000 per Bitcoin, contributing to the combined entity's infrastructure and market presence.
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Tether engages KPMG and PwC for auditing and internal system readiness
Tether, the largest issuer of stablecoins, has appointed KPMG as its auditor in preparation for its expansion into the US market. Additionally, it has hired PwC to assist in aligning its internal systems with regulatory requirements. This move is significant for Tether as it aims to bolster transparency and compliance, which could influence market trust in stablecoin operations. The appointment of these firms reflects a strategic effort to enhance its operational standards ahead of entering a highly regulated environment.
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