Tether Acquires SoftBank Stake in Twenty One, XXI Shares Rise 5.6% to $8.05

BTC1.42%
According to Tether, the company has acquired SoftBank's stake in Twenty One Capital on Wednesday, expanding its control over one of the largest public Bitcoin treasury companies. SoftBank's board representatives stepped down following the transaction, with stake purchase terms undisclosed. Twenty One shares rose 5.6% to $8.05 in pre-market trading after the announcement, per TradingView. Tether CEO Paolo Ardoino stated the acquisition reflects the company's commitment to advancing Twenty One's long-term Bitcoin strategy as it builds a public-market vehicle combining Bitcoin ownership, financial services, and operating businesses.
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