Skip to content
- Tether increases Bitcoin influence after SoftBank completely exits Twenty One investment venture.
- Twenty One shares climb higher as Tether strengthens institutional Bitcoin expansion strategy.
- Tether backs larger Bitcoin infrastructure plans through Twenty One ownership increase initiative.
Tether also expanded into the institutional Bitcoin market by purchasing the remaining stake in the Twenty One Capital (T21C) out of SoftBank’s hands. The transaction also entailed that SoftBank completely divested itself of its Bitcoin investment, both as an investor and a board member.
Also Read: Hacker Mints $73M Fake Bitcoin on Echo Protocol in Massive DeFi Attack
SoftBank Representatives Exit Twenty One Board
After the deal, the representatives on the board of directors of Twenty One stepped down from their roles. The changes have been announced by Tether on Wednesday, which details its new intentions to support the company’s long-term plan for Bitcoin. The transaction immediately further strengthened Tether’s control of Twenty One, one of the world’s largest publicly-held Bitcoin stores, and further solidified its reputation as a cornerstone of the industry. In addition, the development was well received by investors and Twenty One shares jumped 5.6% to $8.05 in pre-market trading.
Tether is going to see Twenty One as a significant chance to create a publicly traded company that’s completely devoted to bitcoin functions and infrastructure, the firm claimed. In this respect, the most recent transaction is part of another shift towards institutional exposure of Bitcoin through a dedicated corporate framework. Twenty One was opened in April 2025 with Jack Mallers, founder of Strike, as CEO. From the beginning the project was backed by institutions such as Tether, SoftBank Group and Cantor Fitzgerald.
Tether Increases Focus on Bitcoin Infrastructure Expansion
SoftBank is significant in the creation of Twenty One, said Tether CEO Paolo Ardoino. The investment group assisted the firm in laying the groundwork for its operations and credibility, as it continued to develop its Bitcoin-focused initiatives, Ardoino said. Furthermore, Tether recently put forward a more comprehensive plan where Twenty One, a Bitcoin financial platform of Strike, and Bitcoin miner Elektron Energy will be involved. The goal of the plan is to bring together various activities related to Bitcoin into a bigger ecosystem with treasury management and financial services.
Twenty One currently holds 43,514 BTC valued at around $33.7 billion, ranking it second in the world to the public corporate Bitcoin holder. Michael Saylor’s Strategy has a smaller treasury with a bigger value, 843,738 BTC with an estimated $65.3 billion. Beyond the growth in its owned presence in the Twenty One, Tether is also increasing its presence in the much larger Bitcoin finance and infrastructure landscape. The company’s move is also a testament to a new rivalry among firms planning long-term investments in bitcoin.
SoftBank sold out twenty one’s stake of one of the world’s largest corporate holdings of Bitcoin. Oh, and that entire transaction threw down a solid foundation for Tether as it expands its institutional infrastructure and treasury growth initiatives.
Also Read: Canaan Shares Crash 13% as Crypto Mining Losses Hit $88.7 Million
