Woofun AI reports that Twenty One Capital’s board has appointed Raphael Zagury as its new CEO. Zagury currently leads the team managing Elektron Energy and serves on Twenty One Capital’s board. Incumbent CEO Jack Mallers will step down to dedicate his efforts full-time to Strike. The leadership transition is proceeding with an orderly handover of duties to ensure operational continuity.

Twenty One Capital and Strike have concluded that Strike is better positioned to operate as an independent business, ending previous merger considerations. Twenty One Capital indicated it will reveal further details regarding its future strategy and direction in the coming months.