Tether has officially acquired the minority stake previously held by SoftBank Group in Bitcoin treasury focused company Twenty One Capital.
Following the completion of the deal, SoftBank representatives stepped down from Twenty One Capital’s board of directors in accordance with the shareholder agreement.
Tether Strengthens Its Position in Twenty One Capital
In an official statement, Tether explained that the acquisition reflects the continued evolution of Twenty One Capital as it advances its long term Bitcoin focused strategy.
With the transaction finalized, SoftBank’s direct involvement in the company’s governance structure has now officially ended.
Tether CEO Paolo Ardoino praised SoftBank’s contribution during the company’s early development phase. According to Ardoino, SoftBank’s experience investing in major global technology firms helped provide credibility, strategic perspective, and operational discipline during a crucial stage of Twenty One Capital’s formation.
He added that Tether’s confidence in the company has only grown stronger and that the firm plans to continue building on the foundation established during SoftBank’s involvement.
Twenty One Capital’s Growth Story
Twenty One Capital was launched in April 2025 as a crypto focused investment venture led by Jack Mallers, who was appointed chief executive officer.
The company was initially backed by Tether International and Bitfinex as majority owners, while SoftBank Group and Cantor Fitzgerald joined as early investors.
At launch, the company disclosed that it would begin operations with approximately 3.6 billion dollars worth of Bitcoin held in its treasury reserves. SoftBank participated as a minority stakeholder, while Tether maintained controlling ownership.
Later that same year, Twenty One Capital became a publicly traded company in New York through a SPAC merger.
Future Merger Plans Already Under Discussion
Last month, Tether introduced a multi stage proposal involving Twenty One Capital. The plan includes an initial merger between Twenty One Capital and Strike.
Following that step, the proposal outlines a second merger involving the combined entity and bitcoin mining company Elektron Energy.
According to the latest available data, Twenty One Capital currently holds 43,514 BTC, making it the second largest publicly traded corporate holder of Bitcoin.
The company still trails far behind Strategy, led by Michael Saylor, which reportedly holds 843,738 BTC in its treasury reserves.#cryptp#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
