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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 the broader market roundup also noted NEAR’s 17.25% gain, SpaceX and Tesla’s combined 30,221 Bitcoin holdings, SEC feedback on prediction market ETFs, and a proposed U.S. strategic Bitcoin reserve bill.

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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 stake in Twenty One Capital, valued at about $711 million, maintaining the core development in the company’s ownership shift. The new article largely restates previously reported transaction details and adds only brief market-roundup items outside the main topic, including NEAR rising 17.25% among top CEX tokens, a report that SpaceX and Tesla hold 30,221 Bitcoin worth about $2.3 billion, SEC feedback on prediction market ETFs, and a proposed U.S. strategic Bitcoin reserve bill. The existing governance impact from SoftBank’s exit remains unchanged, including the resignation of its board representative and the temporary audit committee shortfall under NYSE independence requirements.

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.