Tether acquires SoftBank’s stake in Twenty One Capital as share price jumps 5%
Tether acquired SoftBank's stake in Twenty One Capital, a Bitcoin-focused public company, with XXI shares jumping 5.6% following the announcement. The move strengthens Tether's control as Twenty One holds 43,514 BTC ($33.7 billion), making it crypto's second-largest institutional Bitcoin holder. Tether plans merging Twenty One with Strike and Elektron Energy, signaling aggressive consolidation in Bitcoin infrastructure.
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