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Strike's Plans to Buy 5% of Bitcoin: What We Know

Strike's Plans to Buy 5% of Bitcoin: What We Know

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by Giorgi Kostiuk

6 hours ago


Jack Mallers, founder of financial company Strike, shared ambitious plans for acquiring a significant amount of Bitcoin in collaboration with Tether.

Jack Mallers' Statement

In an interview with Pete Rizzo on the Supply Shock podcast, Mallers revealed his long-term vision for Strike's role in the digital asset space. He began his statement with, 'Use your imagination, right?' He highlighted the possibility of holding 1, 2, 3, 4, or even 5% of the Bitcoin network.

Potential of Partnership with Tether

Mallers also mentioned the influence and value of the experience both Strike and Tether can bring. He stated, 'The Tether network and a lot of experience and lessons that Strike and my life lived there is the importance we will bring to our work.'

Future Plans and Market Impact

Mallers hinted at broader goals for their partnership's influence in the crypto ecosystem, saying, 'There's a lot of good we can do for the world.' However, details about the scale and timeline of proposed Bitcoin acquisitions have not yet been confirmed.

Under Jack Mallers' leadership, Strike is considering acquiring up to 5% of all existing Bitcoin, which could significantly affect the digital asset market.

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