Tether Increases Bitcoin Bet After Acquiring SoftBank Stake in Twenty One Capital

Tether International has taken full control of SoftBank’s stake in Twenty One Capital, strengthening its position in one of the largest publicly traded Bitcoin-focused companies. The move marks a major shift in ownership as Twenty One continues expanding its long-term Bitcoin strategy.

Following the deal, SoftBank representatives officially stepped down from Twenty One Capital’s board of directors under the company’s shareholder agreement.

Tether said the increased investment reflects its strong belief that Twenty One Capital represents a major opportunity to build a public company centered on Bitcoin from the ground up.

Twenty One Capital Shares Rise After Deal

Investor sentiment improved after the announcement, with Twenty One Capital shares climbing 5.6% in pre-market trading to $8.05 on Wednesday.

The market reaction comes despite broader volatility in crypto-related stocks, suggesting investors view Tether’s larger commitment as a sign of confidence in Twenty One’s future plans.

SoftBank Exits After Supporting Early Growth

SoftBank was among the original backers of Twenty One Capital alongside Tether and Cantor Fitzgerald when Strike founder Jack Mallers became chief executive in April 2025.

Tether chief executive Paolo Ardoino said SoftBank played an important role during the company’s early development by providing institutional support and strategic guidance.

Twenty One Capital Expands Bitcoin Strategy

Last month, Tether proposed a multi-step merger involving Twenty One Capital, Strike’s Bitcoin financial services platform and Bitcoin miner Elektron Energy.

Twenty One Capital currently holds about 43,514 BTC, making it the second-largest public corporate Bitcoin holder globally, behind Strategy, which owns more than 843,000 BTC.

Tether said its deeper involvement highlights growing confidence in Twenty One’s ability to build a strong public business focused on Bitcoin, digital infrastructure and long-term crypto adoption.