Tether has announced the acquisition of all shares of Twenty One Capital held by Softbank, doubling down on its Bitcoin strategy

BlockBeats News, May 20th, Tether announced that it has acquired SoftBank's entire stake in the Bitcoin investment firm Twenty One Capital (XXI), becoming its majority shareholder. Following the completion of the transaction, a SoftBank board representative will step down from the board according to the shareholder agreement.

Tether CEO Paolo Ardoino stated that SoftBank played a crucial role in the early establishment and growth stages of Twenty One Capital, bringing in the perspective, reputation, and discipline of top-tier tech investors to the company, helping to establish a solid foundation. Tether reaffirms its belief in Twenty One Capital's future, committing to furthering its Bitcoin-centric strategy and entering the next phase of growth.