"Tether acquired Softbank's stake in Twenty One Capital (NYSE: XXI), increasing control over the 43,514 BTC treasury company. Twenty One Capital, backed by Tether and Cantor Fitzgerald, holds roughly $3.4B in bitcoin as of May 2026. CEO Jack Mallers leads XXI toward vertical integration with Strike and Elektron Energy merger proposals ahead. The deal, announced on May 20, 2026, triggered the exit of Softbank's board representatives from Twenty One Capital in accordance with the company's shareholder agreement. No financial terms were disclosed."
"Twenty One Capital trades on the New York Stock Exchange (NYSE) under the ticker XXI. It launched in December 2025 through a SPAC merger with Cantor Equity Partners and is headquartered in Austin, Texas. The company holds roughly 43,514 BTC, valued at around $3.4 billion using current BTC exchange rates. That positions XXI as the second-largest bitcoin holder of any public company."
"Tether, the world's largest stablecoin issuer by market capitalization, was already a majority co-founder of XXI alongside Cantor Fitzgerald. The acquisition of Softbank's position increases Tether's ownership concentration in the company. Softbank's involvement gave XXI the kind of institutional depth that few early-stage companies ever have, said Paolo Ardoino, CEO of Tether. Their experience backing some of the most consequential technology companies in the world brought credibility, perspective, and discipline to XXI during a critical period of formation."
"They leave behind a company with a stronger foundation, a clearer mandate, and an ambitious path ahead. Softbank, the Tokyo-based technology investment group known for backing companies across infrastructure, financial services, and communications, joined XXI at formation. The firm's departure marks a consolidation of ownership rather than a retreat from the bitcoin treasury model broadly. Twenty One Capital's CEO and co-founder is Jack Mallers, a bitcoin advocate and founder of Strike, a payme"
Tether acquired Softbank’s stake in Twenty One Capital, increasing control over the bitcoin treasury company. Twenty One Capital is backed by Tether and Cantor Fitzgerald and holds roughly 43,514 BTC, valued at about $3.4B as of May 2026. The acquisition was announced on May 20, 2026, and Softbank’s board representatives exited in line with the shareholder agreement. Twenty One Capital trades on the NYSE under ticker XXI and launched in December 2025 through a SPAC merger with Cantor Equity Partners. The company is headquartered in Austin, Texas. CEO Jack Mallers leads efforts toward vertical integration with Strike and proposed merger activity involving Elektron Energy.
Read at news.bitcoin.com
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