Key Takeaways:
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.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.
“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’s exit closes an early chapter for XXI while Tether moves into a stronger ownership position ahead of what the company describes as its next phase of development.
