Jack Mallers and Tether Plan to Acquire Up to 5% of All Bitcoin in Groundbreaking Strategic Move
In what could become one of the most significant moments in Bitcoin’s history, Jack Mallers, CEO of Strike, has announced that his company, in partnership with Tether, intends to acquire up to 5% of all Bitcoin in existence. The announcement sent shockwaves through the crypto and financial markets, signaling a bold shift in institutional Bitcoin accumulation strategy.
A Vision to Secure Bitcoin’s Future
During a recent conference, Mallers explained the rationale behind this unprecedented plan. He described the move as “an aggressive and long-term commitment to securing Bitcoin’s monetary dominance”, adding that Bitcoin is the purest form of property and monetary freedom ever invented.
Tether, the world’s largest stablecoin issuer with reserves in the tens of billions of dollars, is reportedly aligned with Strike in viewing Bitcoin as a foundational monetary asset. The plan is not only a financial investment, but also a strategic and ideological statement about the role Bitcoin will play in the future of global finance.
The Numbers: What Does 5% of All Bitcoin Mean?
There will only ever be 21 million bitcoins in existence. Acquiring 5% of that supply equates to:
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1.05 million BTC
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At current market prices (~$70,000 per BTC), that’s more than $73 billion USD
Such a large-scale acquisition would position Strike and Tether among the largest Bitcoin holders globally, surpassing even MicroStrategy and several sovereign governments.
Market Reactions and Implications
The announcement has sparked intense debate and speculation across crypto communities and financial circles alike. Here’s why it matters:
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Supply shock potential: With less Bitcoin available on the open market, demand pressure could accelerate price discovery to new highs.
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Institutional domino effect: Other firms may follow suit, fearing long-term irrelevance if they remain underexposed to Bitcoin.
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Strategic Bitcoin alignment: Tether integrating Bitcoin more deeply into its reserves may further solidify Bitcoin’s role in the global digital asset economy.
Critics, however, warn about the potential risks of market centralization, should too much Bitcoin become concentrated in a small number of hands.
Strike + Tether: An Unlikely Yet Powerful Duo
While Strike is a Bitcoin-native payment company focused on using Lightning Network for global remittances, Tether has long maintained its dominance in the stablecoin space through USDT. Their partnership represents a union of two very different crypto missions: real-time payments and global liquidity, both converging on Bitcoin as a central pillar.
Jack Mallers emphasized that this isn’t just a business play—it’s about monetary sovereignty. “We don’t want to just use Bitcoin,” Mallers said, “we want to help protect it, secure it, and embed it at the heart of the financial future.”
Final Thoughts
If executed, this move by Strike and Tether could fundamentally reshape Bitcoin’s ownership landscape and reinforce its position as a global monetary asset of last resort. While the plan will undoubtedly be complex and lengthy, it reflects growing confidence among crypto-native institutions that Bitcoin is not just a hedge—it’s the endgame.
The race for Bitcoin dominance has just taken a major leap forward. And Jack Mallers is making sure he and Tether are leading from the front.
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