Tether buys SoftBank’s stake in Twenty One Capital for $711 million
Tether has acquired SoftBank’s stake in Twenty One Capital, a Bitcoin-buying firm.
The acquisition includes 89.1 million shares, representing SoftBank’s entire stake in the venture.
The shares were valued at $711 million, down from the $999.3 million SoftBank paid last year.
Twenty One Capital’s stock price is up 5% on the day, with a market cap of $5.2 billion.