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Tether buys SoftBank stake in Twenty One Capital
The Block·
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.
Tags
fintech
crypto
acquisition
Original Source
The Block — theblock.co