Tether International is deepening its position in Twenty One Capital (NYSE: $XXI) after acquiring SoftBank’s stake in the Bitcoin (CRYPTO: $BTC) focused public company.
The stablecoin issuer said Wednesday that it acquired SoftBank’s position in Twenty One, with SoftBank’s representatives stepping down from the company’s board at closing under the shareholder agreement
Tether described the transaction as a deeper commitment to Twenty One’s long-term Bitcoin strategy. Twenty One was launched as a Bitcoin-native public company backed by Tether, Bitfinex, SoftBank and Cantor Equity Partners, with Strike founder Jack Mallers leading the business. Its original pitch centred on growing Bitcoin ownership per share, giving public-market investors direct exposure to a company built around Bitcoin accumulation and future Bitcoin-native financial products.
More From Cryptoprowl: The SoftBank stake purchase leaves Tether with a more concentrated position in one of the more closely watched Bitcoin treasury vehicles outside Strategy. It also extends a broader investment pattern from Tether, which has been using its balance sheet to expand beyond USDT (CRYPTO: USDT) into Bitcoin, payments, energy, AI infrastructure and financial technology. Tether CEO Paolo Ardoino said SoftBank helped give Twenty One early credibility, perspective and discipline, while positioning the company to move forward with a stronger foundation and clearer mandate.