Tether acquires all shares held by SoftBank in Twenty One Capital (XXI).

CoinFeed reported on May 20th that, according to an announcement on Tether's official website, Tether International has acquired all of SoftBank's shares in Twenty One Capital (XXI), becoming its controlling shareholder. Following the transaction, the SoftBank-appointed board members of XXI have resigned from the board in accordance with the shareholder agreement. Tether stated that this move reflects its long-term strategic commitment and confidence in XXI's goal of building a publicly traded company from scratch with Bitcoin at its core. The announcement noted that SoftBank's early involvement provided XXI with crucial institutional background and governance experience, helping the company complete its initial setup. Tether will leverage this foundation to propel XXI into its next stage of development.