Tether Acquires SoftBank Stake in Bitcoin-Focused Treasury Company XXI
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Tether International has acquired SoftBank’s minority stake in Bitcoin-focused treasury firm Twenty One Capital (XXI), consolidating Tether’s exposure to corporate Bitcoin treasury activity. SoftBank’s board representatives stepped down at closing under the shareholder agreement, a move that could accelerate institutional coordination, adoption and partnership activity in crypto treasury and Bitcoin investment strategies.
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Tether International has announced acquiring Japanese multinational investment firm SoftBank’s minority stake in the Bitcoin-focused treasury company, Twenty One Capital (XXI).
At the closing of the transaction, SoftBank’s representatives on the XXI Board of Directors stepped down in line with the shareholder agreement.
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