The stablecoin issuer bought SoftBank’s 26% stake, expanding its control over the public Bitcoin holder as it moves into lending, mining and capital markets.
Tether has acquired SoftBank Group’s stake in Twenty One Capital, the Bitcoin treasury company that is expanding into lending, mining and capital markets services, in a move that gives the stablecoin issuer greater control over one of the largest publicly traded Bitcoin holders.
In an announcement on Wednesday, Tether said it purchased SoftBank’s roughly 26% stake for an undisclosed amount. SoftBank was one of the earliest backers of Twenty One Capital, which launched in 2025 as a Bitcoin (BTC) treasury company backed by Cantor Fitzgerald and led by Jack Mallers.
Neither controlling shareholder Tether nor Twenty One Capital disclosed the size of Tether's stake. As part of the ownership change, SoftBank’s representatives will step down from Twenty One Capital’s board of directors.
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