BlockBeats News, May 20th, Tether announced that it has acquired Softbank's entire stake in the Bitcoin investment firm Twenty One Capital (XXI), becoming its majority shareholder. Following the completion of the transaction, a Softbank board representative will step down from the board as per the shareholder agreement.

Tether CEO Paolo Ardoino stated that Softbank played a significant role in the early establishment and growth stages of Twenty One Capital, bringing a professional perspective, credibility, and discipline from top-tier tech investors to the company, helping establish a solid foundation. Tether is even more confident in Twenty One Capital's future, and will continue to drive its Bitcoin-focused strategy forward and into the next phase of growth.