Tether Acquires SoftBank's Stake In Twenty One Capital To Scale Bitcoin Strategy

@Tether has acquired SoftBank's entire equity stake in Twenty One Capital (NYSE: XXI), further aligning the company's shareholder base to advance its long-term Bitcoin strategy. The move cements Tether's role as XXI's controlling shareholder and marks a notable shift in the firm's ownership structure.

SoftBank Exits, Tether Takes Full Control

At the closing of the transaction, SoftBank Group's representatives on the XXI Board of Directors stepped down in accordance with XXI's shareholder agreement. SoftBank played an important role in XXI's formation and early development, bringing the perspective of one of the world's most experienced technology investors.

Twenty One Capital launched in December 2025 via a SPAC merger with Cantor Equity Partners, debuting with over 43,500 $BTC, roughly $4 billion at the time, ranking as the third-largest corporate Bitcoin holder. Tether and Bitfinex supplied the majority of that Bitcoin, with SoftBank contributing a significant minority stake equivalent to about 10,500 BTC.

A Cleaner Mandate for Bitcoin Accumulation

With Tether's deepened commitment, Twenty One enters its next phase with strong shareholder alignment, remaining focused on becoming the premier listed Bitcoin company in the world by combining Bitcoin treasury, financial services, mining, lending, capital markets, and strategic consolidation into one integrated platform.

@PaoloArdoino has described the acquisition as a pivotal step in building that vision from the ground up. The consolidation of ownership also comes as Tether has proposed taking XXI further still. Tether has proposed that Twenty One Capital merge with Strike, a crypto trading and spending platform, and Elektron Energy, a Bitcoin mining firm. If consummated, the transactions would allow the combined entity to leverage a strong balance sheet, a large-scale profitable operating business, and a financial services division built to spearhead Bitcoin adoption.

The company believes this approach can create a new model for Bitcoin-native public companies, with operating businesses and recurring revenue opportunities designed around long-term $BTC accumulation as the central objective.

Sources:
Twenty One Capital Official Press Release via Business Wire / StockTitan
BeInCrypto: Tether Takes Full Control of Twenty One Capital
Tether.io: Tether Investments Proposes Merger Plans at Twenty One Capital