Tether Acquires SoftBank's Stake in Twenty One Capital
Stablecoin issuer Tether has announced the acquisition of SoftBank Group's stake in Twenty One Capital. As a result of this deal, Tether has further strengthened its control over one of the largest publicly traded Bitcoin holders. SoftBank sold its approximately 26% stake for an undisclosed amount. This is reported by Cointelegraph.com .
Twenty One Capital was founded in 2025 by Jack Mallers with the support of Cantor Fitzgerald as a Bitcoin treasury company. SoftBank was one of its early investors. As part of the ownership change, SoftBank representatives will leave the Twenty One Capital board of directors. This transaction significantly increases Tether's influence on the company's strategy and management.
Currently, the value of Bitcoin assets in the Twenty One Capital treasury is approximately $3.34 billion. The company plans to expand beyond the treasury model into comprehensive Bitcoin-based financial services, including lending, mining, and capital markets.
Against the backdrop of this news, Twenty One Capital shares rose 4% on Wednesday morning. This growth helped offset part of the 37% decline observed since trading began on the New York Stock Exchange (NYSE) in December. Previously, Tether had expressed its support for the merger of Twenty One Capital and the Strike payment system.
