Tether News: SoftBank Stake Sale Gives Tether Full XXI Control

Key Insights

• Tether news: The USDT stablecoin issuer now controls a majority of Twenty One Capital.
• SoftBank exits its 26% stake in the Bitcoin treasury firm.
• Tether plans mergers with Strike and Elektron Energy.

Tether news returned to focus after Tether International acquired SoftBank’s full stake in Twenty One Capital. The deal gives Tether majority control of the Bitcoin treasury firm and removes SoftBank’s board seats.

XXI traded near $7.72, up about 1.25%, after moving between $7.60 and $8.05 intraday. The move also extends Tether’s influence beyond stablecoin news and deeper into public Bitcoin markets.

Tether News: SoftBank Exit Gives Tether Clear XXI Control

Tether now controls a majority of Twenty One Capital after buying SoftBank’s full position. The transaction ends SoftBank’s direct ownership role and gives Tether a cleaner path to governance.

Twenty One Capital entered public markets through a business combination with Cantor Equity Partners.

The company launched with more than 43,500 BTC after its NYSE debut under the ticker XXI. That made it the third-largest public corporate Bitcoin holder at launch.

SoftBank’s involvement helped Twenty One gain early institutional weight. The Japanese technology investor supported the company during its formation and public-market launch.

Its exit now leaves Tether with stronger control over strategy, board direction, and capital allocation.

Paolo Ardoino, Tether’s chief executive, said Tether’s conviction in XXI has deepened. He also said SoftBank left behind a company with stronger foundations and a clearer mandate.

That makes this Tether news a governance story, not only a Bitcoin balance sheet story.

Bitcoin Treasury Firm Plans Shift Beyond Accumulation

Twenty One Capital was built around Bitcoin per share, or BPS. The metric tracks how much Bitcoin supports each share. It differs from standard earnings measures used by ordinary public companies.

The Bitcoin treasury firm aims to use capital markets, Bitcoin purchases, and ecosystem tools to grow BTC exposure.

That approach places XXI near Strategy’s corporate Bitcoin model. However, Twenty One presents itself as more Bitcoin-native.

Twenty-One’s launch plan showed Tether contributing most of the early Bitcoin. Earlier deal materials showed SoftBank held a minority stake while Tether, Bitfinex, and SoftBank backed the SPAC transaction.

As reported, the venture planned to launch with more than 42,000 Bitcoin. This Tether news also matters for stablecoin news because Tether is using its balance sheet outside USDT.

The company already holds major Bitcoin exposure and keeps directing capital into crypto infrastructure. By consolidating XXI, Tether can align treasury decisions with its wider digital asset strategy.

Tether News Links XXI to Strike and Elektron Energy

Tether has also proposed combining Twenty One Capital with Strike and Elektron Energy. Strike would add Bitcoin payments and financial services. Elektron Energy would add Bitcoin mining infrastructure.

Tether said it intended to vote its shares in favor of a proposed merger between XXI and Strike. It also supported a second merger involving the combined entity and Elektron Energy. It was reported the same proposal on April 30.

That plan would change Twenty One from a pure Bitcoin treasury firm into a broader Bitcoin operating company. It would combine holdings, payments, lending potential, and mining under one public-market structure.

Tether news today reveals that the firm is not only defending its role in dollar-linked crypto markets. It is also building links across Bitcoin-native finance, mining, and public equity markets.

Investors will now watch further BTC purchases, merger approvals, and new capital raises. With SoftBank out, Tether faces fewer ownership checks while it pursues the next phase of XXI’s roadmap.

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