---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-079805"
form_type: "8-K"
ticker: "XXI"
cik: "0002070457"
company_name: "Twenty One Capital, Inc."
filed_at: "2026-07-21T11:09:48+00:00"
generated_at: "2026-07-21T11:15:07.651626+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Twenty One Capital appoints Raphael Zagury as CEO; drops Strike acquisition, still evaluating Elektron

## Summary
- Jack Mallers resigns as CEO and director effective July 20, 2026; receives separation package including $1.15M share repurchase and 1.5M vested options.
- Raphael Zagury appointed CEO effective July 20, 2026; base salary $600K, bonus up to $700K, plus equity award to be determined.
- Company confirms it is no longer pursuing acquisition of Strike; potential combination with Elektron Energy remains under evaluation.
- Zagury is founder/CEO of Elektron Enterprises, which manages Elektron Energy; any future acquisition would be a related-party transaction.
- Board committee changes: Zagury resigns from all committees; Lyons, Lalljie, Olsoni appointed; new committee compensation approved.

## SEC filing metadata
- accession: 0001213900-26-079805
- form_type: 8-K
- ticker: XXI
- cik: 0002070457
- company_name: Twenty One Capital, Inc.
- filed_at: 2026-07-21T11:09:48+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2070457/000121390026079805/0001213900-26-079805-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2070457/000121390026079805/ea0298629-8k_twenty.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-079805
- JSON: https://secwatch.observer/filing/0001213900-26-079805.json
- Plain text: https://secwatch.observer/filing/0001213900-26-079805.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.