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Twenty One Capital shares rise 3.15% after Tether buys SoftBank's stake, pushing Bitcoin-focused strategy forward.

Market News
20 May 2026
Blockonomi
View Source
Bullish
pluang ai news

Shares of Twenty One Capital (XXI) rose 3.15% in pre-market trading after Tether International acquired SoftBank Group's ownership stake in the company, strengthening Tether's control. This ownership change led to SoftBank's board members resigning, marking SoftBank's full exit from XXI. The company is focusing on building a comprehensive Bitcoin ecosystem that includes treasury management, financial products, mining, lending, and capital markets. Despite the recent stock gain, XXI faces challenges with an 84% share price drop over the past year and ongoing losses, highlighting the need for investors to watch its development closely as it aims for sustainable revenue and Bitcoin accumulation.

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