Tether Just Bought SoftBank's Stake in Bitcoin Company Twenty One Capital — Here's What That Means
84d ago · 1 source
Tether has acquired SoftBank's stake in Twenty One Capital (XXI), a Bitcoin-focused company. The move signals Tether's deepening commitment to Bitcoin-centric investments and its growing influence beyond stablecoin issuance. The deal reshapes the ownership structure of one of the more prominent Bitcoin treasury companies.
WHY IT MATTERS
Think of Tether as the company behind the most widely used digital dollar in crypto (USDT). They make a lot of money from the reserves backing that digital dollar, and now they're using those profits to buy stakes in Bitcoin-related companies. In this case, they bought out SoftBank — a massive Japanese investment firm — to take a bigger ownership share in Twenty One Capital, which is essentially a company that holds a lot of Bitcoin as its main business. It's like if the company that prints traveler's checks started buying up gold vaults. This matters because it shows Tether is becoming much more than just a stablecoin company — it's becoming a major power player across the entire crypto industry.
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