Tether Acquires SoftBank's Stake in Twenty One Capital
Tether has acquired the entire stake of Japanese investment firm SoftBank in Bitcoin treasury company Twenty One Capital (XXI), signaling a consolidation of control. The move follows an SEC filing revealing Tether purchased 89.1 million shares from SoftBank, which had initially invested $999.3 million for its position. XXI's stock price is currently at $7.98 with a market cap of $5.2 billion.
Topics: Bitcoin treasury SEC filing SoftBank Tether Twenty One Capital