Tether Buys SoftBank Stake in Twenty One Capital; Shares Rise as Merger Plans with Strike & Elektron Advance

Tether International purchased SoftBank Group’s entire stake in Twenty One Capital, increasing Tether’s control of the Bitcoin treasury firm; deal specifics were not disclosed and SoftBank-appointed board members resigned under existing shareholder protocols ^{[1] [2]}.

Shares of Twenty One Capital (XXI) rose on the news, climbing roughly 3.15% to $7.86 in pre-market trading after the ownership change was reported ^{[2] [3]}.

Tether, which already held a controlling interest in XXI, is reported to be advancing a broader merger plan involving payments firm Strike and Elektron Energy as it expands an all‑in‑one Bitcoin ecosystem; Crypto Briefing noted the increased stake could accelerate Bitcoin’s integration into mainstream finance ^{[2] [1] [4]}.

The transaction consolidates Tether’s influence over Twenty One Capital and drew market attention; outlets emphasized potential strategic and market implications while noting that transaction terms remain undisclosed ^{[1] [2] [4]}.