Tether Buys SoftBank’s Twenty One Stake as Bitcoin Company Enters Next Phase

CryptoProwl

Wed, May 20, 2026 astatine 8:47 AM CDT 2 min read

Tether International is deepening its presumption successful Twenty One Capital (NYSE: $XXI) aft acquiring SoftBank’s involvement successful the Bitcoin (CRYPTO: $BTC) focused nationalist company.

The stablecoin issuer said Wednesday that it acquired SoftBank’s presumption successful Twenty One, with SoftBank’s representatives stepping down from the company’s committee astatine closing nether the shareholder agreement. Tether described the transaction arsenic a deeper committedness to Twenty One’s semipermanent Bitcoin strategy.

Twenty One was launched arsenic a Bitcoin-native nationalist institution backed by Tether, Bitfinex, SoftBank and Cantor Equity Partners, with Strike laminitis Jack Mallers starring the business. Its archetypal transportation centred connected increasing Bitcoin ownership per share, giving public-market investors nonstop vulnerability to a institution built astir Bitcoin accumulation and aboriginal Bitcoin-native fiscal products.

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The SoftBank involvement acquisition leaves Tether with a much concentrated presumption successful 1 of the much intimately watched Bitcoin treasury vehicles extracurricular Strategy. It besides extends a broader concern signifier from Tether, which has been utilizing its equilibrium expanse to grow beyond USDT (CRYPTO: USDT) into Bitcoin, payments, energy, AI infrastructure and fiscal technology.

Tether CEO Paolo Ardoino said SoftBank helped springiness Twenty One aboriginal credibility, position and discipline, portion positioning the institution to determination guardant with a stronger instauration and clearer mandate.

Bitcoin treasury vehicles are inactive attracting public-market attention, but the barroom is moving higher. Investors are nary longer looking lone astatine however overmuch Bitcoin a institution holds; they are besides weighing the premium attached to that exposure, the backing strategy down it and the way toward a broader operating business.

Twenty One’s adjacent trial is whether it tin crook that Bitcoin-native transportation into thing much durable than listed vulnerability to the asset. Tether’s larger relation gives the institution a much committed backer, but it besides puts much unit connected execution arsenic the Bitcoin treasury class becomes much crowded.

Twenty One Capital Inc. (NYSE: XXI) is presently trading astatine $7.62 U.S. per share. Bitcoin (CRYPTO: BTC) is trading astatine $77,511 U.S. per integer token.