Tether International has acquired SoftBank's Capital in Twenty One Capital (ticker XXI), according to an announcement from the company's shareholders.
Tether stated that after the transaction was completed, SoftBank representatives left the Twenty One board of directors, in accordance with the shareholder agreement.
Tether said the deal shows Twenty One is entering the next phase of its development as it continues to pursue its long-term Bitcoin strategy. The company also emphasized that the increased stake reflects its belief that Twenty One is one of the great opportunities to build a public company around Bitcoin “from the ground up.”
Following the news, Twenty One shares rose 5.6% to $8.05 in pre-market trading on Wednesday, according to TradingView.
SoftBank was one of the early backing investors, along with Tether and Cantor Fitzgerald, when Strike founder Jack Mallers was announced as CEO of the project in April 2025.
Tether CEO Paolo Ardoino commented that SoftBank's involvement brought rare "organizational depth" to an early-stage company, strengthening Twenty One's credibility, vision, and discipline during its formative years. He said SoftBank's departure came at a time when Twenty One had a more solid foundation, clearer direction, and a more ambitious growth trajectory.
Last month, Tether also proposed a multi-step plan to merge Twenty One with Strike's Bitcoin financial services platform and Bitcoin mining company Elektron Energy.
The article "Tether acquires SoftBank's Capital in Twenty One Capital" first appeared on CoinMoi .
