Back
Tether Increases Twenty One Capital Control by Buying SoftBank Group Stake

Tether Increases Twenty One Capital Control by Buying SoftBank Group Stake

Tether bought SoftBank’s entire Twenty One Capital stake, while SoftBank’s exit removed its board representative and temporarily left the company’s audit committee below NYSE independence requirements.

BTC
USDT

Fact Check
The claim is confirmed by four independent, high-authority sources. Tether's own official press release on tether.io (the primary originator) explicitly states it acquired SoftBank's stake in Twenty One Capital and that the move supports building a public company around Bitcoin. Bloomberg independently reports the stake was approximately 26% and valued at ~$679 million. The Block and Stock Titan corroborate all core facts including SoftBank board representatives stepping down and the strategic rationale. There are no conflicting sources. The claim accurately and completely reflects the reported event.
Summary

Tether acquired SoftBank’s entire Twenty One Capital stake of 891,000 Class A shares, valued at about $711 million. Twenty One Capital holds 43,514 Bitcoin worth roughly $3.4 billion, reinforcing the scale of the company Tether is consolidating control over. Following SoftBank’s exit, its board representative resigned, leaving the audit committee temporarily short of New York Stock Exchange independence requirements. This update adds governance consequences from the transaction and aligns with earlier reporting that SoftBank’s departure would reduce an external oversight voice at the Bitcoin treasury company.

Terms & Concepts
  • Bitcoin treasury: A corporate structure or strategy centered on holding Bitcoin on the balance sheet as a primary reserve or core asset.
  • stablecoin: A type of cryptocurrency designed to maintain a stable value, often by being pegged to a fiat currency such as the U.S. dollar.
  • Web3: A term commonly used for blockchain-based internet services and applications that emphasize digital assets, decentralized networks, and on-chain payments.