Tether Acquires SoftBank Stake in Twenty One Capital

Tether International has acquired the entire stake in Twenty One Capital previously held by SoftBank, solidifying its position as the controlling shareholder of the publicly listed Bitcoin-focused company. The transaction, announced on May 20, 2026, resulted in SoftBank’s representatives stepping down from the board of directors, as stipulated by the shareholder agreement.

The move underscores Tether’s deepening commitment to Twenty One Capital’s long-term strategy of building a comprehensive, Bitcoin-native enterprise. Tether CEO Paolo Ardoino stated that SoftBank’s early involvement provided crucial institutional depth and strategic discipline during the company’s formative period. He added that SoftBank leaves behind a company with a stronger operational foundation and a clearer mandate.

Twenty One Capital, which launched in late 2025 via a merger, holds a significant Bitcoin treasury. As of the announcement date, the company reported holdings of 43,514 BTC. Unlike many public companies that focus primarily on accumulating Bitcoin on their balance sheets, Twenty One Capital has outlined a broader operational vision. Its stated goal is to integrate Bitcoin treasury management...