SoftBank Transfers Stake in Twenty One Capital to Tether

The cryptocurrency market continues to evolve with a growing trend towards institutional participation. SoftBank's sale of its stake in Twenty One Capital to Tether marks a significant shift in ownership of one of the leading Bitcoin treasury firms.

Twenty One Capital, also known as XXI, is a Bitcoin treasury firm founded with backing from Tether and associated with entrepreneur Jack Mallers. The company has gained attention for its mission to build a capital structure centered on Bitcoin accumulation and long-term digital asset treasury management.