Tether Buys SoftBank Stake in Twenty One Capital, Expands Bitcoin Strategy
Cointelegraph
Tether has acquired SoftBank’s 26% stake in Twenty One Capital, increasing its control over the Bitcoin treasury and financial services company.Summary
Stablecoin issuer Tether has purchased SoftBank Group's approximately 26% stake in Twenty One Capital for an undisclosed amount. This acquisition gives Tether greater influence over the company, which is evolving from a pure Bitcoin treasury model into a broader financial services firm offering lending, mining, and capital market solutions. As part of the transaction, SoftBank representatives will vacate their positions on the board of directors. The move comes as Twenty One Capital, led by Jack Mallers, seeks to diversify its operations amid market volatility and ongoing discussions regarding potential mergers with other industry players.
(Source：Cointelegraph)