Tether XXI-Strike-Elektron Merger Optimism Pushes Bitcoin to $78,100; Shares at $8.06

Tether's proposed three-way merger of Twenty One Capital (XXI), Strike, and Elektron Energy sustains bullish momentum as of May 2, with Bitcoin trading around $78,100 and XXI shares closing at $8.06, up ~3%. The story began April 29 when XXI outlined integration plans leveraging its 43,514 BTC ($3.3B) treasury, Strike's ~1,500 BTC and $2.1B credit facility, and Elektron's 5,500 mined BTC plus 50 EH/s (~5% network hash rate) at sub-$60K costs. Tether's April 30 vote commitment and governance proposals drove after-hours surges up to 8%, signaling corporate Bitcoin consolidation amid execution risks.