Tether Buys SoftBank Stake in Twenty One Capital, Expands Bitcoin Strategy

Tether Buys SoftBank Stake in Bitcoin Firm XXI

• Tether acquired SoftBank’s stake in Twenty One Capital• SoftBank board representatives stepped down after closing• The move strengthens Tether’s long term Bitcoin company strategy Control matters when Bitcoin becomes a corporate strategy. The Tether Twenty One deal puts ownership, conviction, and BTC exposure in focus. Is this quiet power shift bigger than it looks? Tether International announced on May 20 that it acquired SoftBank’s stake in …

Tether Acquires SoftBank's Entire Stake in Twenty One Capital

Tether acquires SoftBank's entire stake in Twenty One Capital. Explore the deal's core details, ownership shift, and why the move matters.Read more...

Tether Buys Out SoftBank's Stake in Twenty One Capital, Tightening Control of Bitcoin Treasury Firm

Tether International has acquired SoftBank's approximately 26% stake in Twenty One Capital, the Bitcoin treasury firm the two companies co-founded last year. The deal, announced on 20 May, removes SoftBank's representatives from XXI's board in accordance with the company's shareholder agreement and leaves Tether in firmer control of the NYSE-listed vehicle. The purchase price was not disclosed.Twenty One Capital launched in April 2025 as a Bitco…

Tether tightens control of Twenty One Capital after SoftBank sells 25% stake

Tether now holds more control over XXI after buying out SoftBank’s entire stake in Twenty One Capital (NYSE: XXI) for $711 million. Softbank paid $1 billion for its stake but sold it at a loss of $288 million. Tether published a press release on its website confirming the deal and now wants XXI to merge with Strike and Elektron Energy to become a full Bitcoin business.  What is Twenty One Capital? Twenty One Capital is a public company listed on…

Tether Expands Bitcoin Treasury Control With SoftBank Buyout

Tether International has acquired SoftBank’s full stake in Twenty One Capital, tightening control over the Bitcoin treasury company co-founded by Jack Mallers. The deal also comes as Tether advances a proposed merger involving Strike and Elektron Energy for expansion plans. The acquisition removes one of Twenty One Capital’s major outside ownership blocs. It also shifts […]