Tether Buys SoftBank’s 26% of Twenty One Capital
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- Tether acquired SoftBank’s roughly 26% stake in Twenty One Capital for an undisclosed amount, consolidating its control over the Bitcoin treasury firm.
- SoftBank will vacate its board seats at Twenty One Capital as part of the ownership transition.
- Twenty One Capital’s Bitcoin treasury is valued at about $3.34 billion, and its shares rose roughly 4‑5% after the acquisition announcement, partially offsetting a 37% decline since its NYSE debut.
- Tether previously signaled support for a merger of Twenty One Capital with Strike and possible integration with miner Elektron Energy, indicating broader strategic ambitions.
Why it matters: Tether secures a controlling stake in a $3.34 billion Bitcoin treasury, expanding its market influence, while Twenty One Capital investors enjoy a 4‑5% share boost but remain exposed to asset‑value erosion as BTC prices dip.
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