Tether acquires SoftBank’s stake in Twenty One Capital as share price jumps 5%
Tether acquired SoftBank's stake in Twenty One Capital, bolstering its Bitcoin strategy and leading to a 5.6% share price increase.Summary
Tether International has acquired SoftBank's stake in Twenty One Capital (XXI), the controlling shareholder. This move signifies Tether's deepening commitment to XXI's long-term Bitcoin strategy, which Tether views as a significant opportunity to build a public company around Bitcoin. SoftBank's representatives have departed XXI's board following the transaction. Twenty One Capital's shares rose 5.6% in pre-market trading on the news. SoftBank was an initial backer of XXI, which was announced in April 2025 with Strike founder Jack Mallers as CEO. Tether CEO Paolo Ardoino highlighted SoftBank's contribution in providing institutional depth and credibility during XXI's formation. Tether had previously proposed a plan to merge Twenty One with Strike's financial services platform and bitcoin miner Elektron Energy. Twenty One Capital is the second-largest public company holder of bitcoin, holding 43,514 BTC.
(Source：The Block)