Tether Acquires SoftBank's Stake in Twenty One Capital as Shares Jump 5.6%

BTC1.51%

According to Tether, on Wednesday, Tether International acquired SoftBank's stake in Twenty One Capital (XXI), with SoftBank representatives stepping down from the company's board upon transaction close. XXI shares rose 5.6% to $8.05 in pre-market trading following the announcement.

Twenty One Capital holds 43,514 BTC ($33.7 billion), making it the second-largest public Bitcoin holder after Michael Saylor's MicroStrategy with 843,738 BTC ($65.3 billion), per The Block's Bitcoin Treasury Tracker.

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