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Tether buys SoftBank's stake in Twenty One Capital, plans merger with Strike and Elektron Energy.

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

Tether has acquired SoftBank's entire stake in Twenty One Capital, a Bitcoin treasury company co-founded by Jack Mallers, consolidating control over the NYSE-listed firm. Twenty One Capital was launched with backing from Tether, SoftBank, and Cantor Equity Partners, initially holding over 42,000 Bitcoin, making it one of the largest corporate Bitcoin treasuries. Tether now proposes merging Twenty One with Strike and Elektron Energy to create an integrated Bitcoin platform combining treasury, payments, and mining services. This move signals Tether's ambition to expand beyond Bitcoin accumulation into a broader financial ecosystem centered on Bitcoin.

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