At the Bitcoin 2026 conference, Jack Mallers, CEO of Twenty One, announced a proposed merger involving Twenty One, Strike, and Elektron, backed by major shareholder Tether. The merger aims to integrate Twenty One's Bitcoin treasury, Strike's financial services, and Elektron's mining infrastructure, which boasts a hash rate of 50 EH/s. Simultaneously, Strike is launching Volatility Proof Loans, designed to protect users from forced liquidation due to Bitcoin price swings. Initially available to private clients, these loans will soon be accessible via the app. Strike has secured a $2.1 billion credit facility from Tether to support these loans, introducing collateral isolation addresses for transparency and reducing the minimum loan interest rate to 7.49%.