Tether buys SoftBank stake in Twenty One Capital

Tether International has acquired SoftBank's stake in Twenty One Capital, a move that underscores Tether's commitment to building a public company focused on Bitcoin. Following the acquisition, SoftBank representatives have departed from Twenty One's board of directors as per the existing shareholder agreement. Tether views this strategic investment as a significant opportunity to develop a foundational public entity centered around Bitcoin, signaling a strong belief in Twenty One Capital's long-term strategy and potential within the cryptocurrency market.