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Tether Consolidates Digital Asset Treasury Control With SoftBank Buyout

Tether has acquired SoftBank Group Inc.'s stake in Twenty One Capital Inc., expanding its ownership of the Bitcoin treasury firm. The company prepares to merge Twenty One Capital with two additional businesses. The transaction marks another step in Tether's strategy to consolidate control over digital asset management operations. Twenty One Capital functions as a Bitcoin accumulator, holding cryptocurrency reserves as part of broader treasury strategies in the digital assets sector. The buyout removes SoftBank as a stakeholder. Financial terms of the acquisition were not disclosed. The move reflects intensifying competition among major players to control infrastructure supporting cryptocurrency holdings and digital asset management at scale.