Tether acquires SoftBank's stake in Twenty One Capital

Odaily Planet Daily News: Tether announced that it has acquired the shares of Twenty One Capital (XXI) held by SoftBank Group, further increasing its controlling stake in the company. Following the transaction, SoftBank's appointed board member at XXI has resigned in accordance with the shareholder agreement. Tether stated that this move reflects its strong and ongoing bullish view on XXI's long-term Bitcoin strategy, considering it one of the most significant opportunities to "build a publicly listed company from scratch around Bitcoin." Tether CEO Paolo Ardoino noted that SoftBank provided important institutional resources and strategic perspectives during the company's early development stage, while Tether's confidence in XXI has "further strengthened."