Tether International, the leading stablecoin issuer behind $USDT, has announced a noteworthy acquisition. In this respect, Tether has acquired SoftBank’s stake in Twenty One Capital (XXI). As per Tether’s official press release, the deal denotes its rising conviction in Twenty One Capital as a crucial vehicle to develop a public entity focused on Bitcoin ($BTC). Particularly, after the transfer, the representatives of SoftBank stepped down from the Board of Directors of XXI, aligning with the agreement.
Tether International Deepens Commitment to Twenty One Capital Through Acquisition of SoftBank’s Stake
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— Tether (@tether) May 20, 2026
Tether Deepens $BTC Ambitions by Acquiring SoftBank’s XXI Stake
Tether’s official acquisition of SoftBank’s stake in Twenty One Capital (XXI) aims to bolster its Bitcoin ($BTC) ambitions. Specifically, the move underscores a meaningful development for XXI, while it shifts into a unique growth era. The acquisition signifies Tether’s endeavors to increase the institutional footprint while reaffirming the role it plays as a crucial architect of the transforming financial infrastructure for Bitcoin ($BTC).
Additionally, SoftBank’s engagement with XXI has been significant during the early development, as it delivered strategic depth and credibility. As one of the top experienced tech investors, it has provided considerable knowledge from decades-long support for category-defining entities across technology, communications, financial, and infrastructure services.
While discussing this move, Tether’s CEO, Paolo Ardoino, expressed enthusiasm, stressing the importance of the contribution made by SoftBank. He noted that the move offered the institutional depth that just a few early-stage firms have ever had. The executive also mentioned that the experience coming from SoftBank added discipline and credibility during a crucial phase of formation. Additionally, with this, the conviction of Tether has reportedly deepened in XXI.
Advancing Diversification Beyond Stablecoin Sector into $BTC Infrastructure
According to Tether, the acquisition assists it in its efforts to diversify beyond the stablecoin landscape into institutional-level ventures and infrastructure linked to Bitcoin ($BTC). So, the initiative underscores the long-term role that the firm plays within the worldwide financial markets. With the consolidation of its XXI stake, Tether is investing in the narrative of $BTC as a basis for public entities. Overall, as the crypto market evolves, such moves point toward the growing convergence between blockchain-native entities and institutional capital.