Jack Mallers on Borrowing Against Bitcoin, Full Scoop on Twenty One Capital, & Emerging World Order

Natalie Brunell is joined by Jack Mallers, CEO of Strike and founder of Twenty One Capital, for a behind-the-scenes look at the future of Bitcoin lending, capital markets, and corporate treasuries.

Jack shares his vision for Twenty One Capital and the launch of Strike’s industry-leading Bitcoin-backed lending product.

Topics discussed include:
- Strike’s Bitcoin-backed lending product: borrow cash without selling your Bitcoin (50% LTV, no rehypothecation)
- Jack’s mission to reduce interest rates and help the Bitcoin loan market mature
- Twenty One Capital: a Bitcoin-native firm going public to bring blue-chip credibility to the space
- How transparency and strong leadership can set new standards in Bitcoin financial services
- Supporting and educating companies on Bitcoin treasury strategy
- Why the U.S. dollar is weakening and how Bitcoin is emerging as a neutral, global reserve asset
And much more!

Guest Bio: Jack Mallers is co-founder and CEO of Twenty One Capital, a Bitcoin-native financial firm started in 2025 aimed at institutional adoption and treasury innovation. He's also the founder and CEO of Strike, a Bitcoin payments company leveraging the Lightning Network to enable instant, low-fee transactions. Follow Jack on X at https://x.com/jackmallers

Coin Stories is powered by Bitwise. Bitwise has over $10B in client assets, 32 investment products, and a team of 100+ employees across the U.S. and Europe, all solely focused on Bitcoin and digital assets since 2017. Learn more at https://www.bitwiseinvestments.com

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IN THIS COIN STORIES EPISODE
00:00 What is Strike Lending?
3:46 No rehypothecation
6:34 Bitwise
7:04 BTC Vegas - Women of Bitcoin Brunch
7:12 Figuring out interest rates
11:12 Bitcoin loan terms
13:24 Jack Mallers named Twenty One Capital CEO
15:48 42,000 Bitcoin in Twenty One's treasury
16:38 Comparisons to Strategy $MSTR
19:29 What is Twenty One Capital?
23:27 Casa Business
23:57 Bitkey
24:17 The Bitcoin Way
24:39 Coinkite
24:54 Speed Wallet
25:10 Bitcoin banks
26:47 Running Strike and Twenty One Capital
29:19 Bitcoin ethos
32:08 Macro picture, tariffs
37:27 Gold vs. Bitcoin
40:32 Bitcoin price predictions, US debt

OTHER RESOURCES
Natalie Brunell’s website https://www.talkingbitcoin.com/
Strike Lending https://strike.me/lending/
Twenty One Capital https://xxi.money/

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Producer: Aron Bender https://www.linkedin.com/in/aron-bender/
Editor: Silas Foley

DISCLAIMER Coin Stories is for entertainment purposes only and does not give financial advice. #bitcoin #crypto #bitcoinpodcast