Tether International has acquired SoftBank’s stake in Twenty One Capital (XXI), strengthening its commitment to the Bitcoin-focused public company initiative, according to a Wednesday statement.
Following the transaction, SoftBank’s representatives stepped down from XXI’s Board of Directors in accordance with the company’s shareholder agreement.
Tether said the move reflected growing confidence in XXI’s long-term Bitcoin strategy and its potential to become a leading public company built around Bitcoin from the ground up.
SoftBank played an important role in XXI’s early development. The company brought institutional expertise and strategic insight from decades of investing in global technology, infrastructure, and financial services companies.
“SoftBank’s involvement gave XXI the kind of institutional depth that few early-stage companies ever have,” Tether CEO Paolo Ardoino commented. “Their experience backing some of the most consequential technology companies in the world brought credibility, perspective, and discipline to XXI during a critical period of formation.”
Ardoino said the company has now moved forward with a stronger operational foundation and a clearer long-term direction under Tether’s expanded ownership.
