Jack Mallers, founder of the financial technology company Strike, revealed a major Bitcoin (BTC) acquisition plan. In a recent interview, Mallers noted that his company, in collaboration with Tether, may be positioning itself to hold a major share of the Bitcoin network, potentially up to 5%.
Will Strike Buy 5% of Bitcoin?
Speaking to Pete Rizzo on the Supply Shock podcast, Mallers gave listeners a glimpse into his long-term vision for Strike’s role in the digital asset space. “What I’ll tell listeners is, use your imagination, right?” he began. He added, “Like the business is founded by myself and Tether. And, you know, if we have 1, 2, 3, 4, 5% of the Bitcoin network.”
Though Mallers did not confirm a specific amount of Bitcoin currently held or planned for acquisition, the implication of a 5% stake. This is roughly equivalent to around one million BTC at present total supply, which suggests an ambitious strategy.
Mallers also referenced the potential influence and value of experience both Strike and Tether bring to the table. “The Tether network, and a lot of experience and lessons that Strike and my life lived there,” he said. Mallers added that “we think the combination of all it’s gonna be really interesting.”
He hinted at broader goals for the partnership’s influence in the crypto ecosystem. Mallers stated, “There’s a lot of good we can do for the world.” However, neither Strike nor Tether has publicly confirmed further details about the scale or timeline of the proposed Bitcoin acquisitions.
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