Tether Swallows SoftBank's Stake in Twenty One Capital
Tether acquires SoftBank's ~26% stake in Bitcoin treasury firm Twenty One Capital for ~$679M, boosting its ownership to ~71%.
Tether just tightened its grip on Twenty One Capital in a major power move. The stablecoin giant purchased SoftBank Group's entire ~26% ownership stake in the Bitcoin treasury company, a position valued at roughly $679 million.
The deal catapults Tether's holding in Twenty One Capital to approximately 71%, giving it dominant control over the digital-asset treasury firm. SoftBank, meanwhile, exits the venture entirely.
The acquisition underscores Tether's aggressive expansion beyond stablecoins and deeper into Bitcoin-centric financial infrastructure. By consolidating ownership of a dedicated BTC treasury vehicle, Tether is positioning itself as a heavyweight in institutional crypto asset management.
For SoftBank, the sale marks another chapter in its evolving relationship with crypto — cashing out a significant position while Tether doubles down.