Tether Acquires SoftBank's 26% Stake in Twenty One Capital

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According to Bloomberg, Tether has acquired SoftBank's 26% stake in digital-asset treasury company Twenty One Capital today for an undisclosed amount. SoftBank's holding was valued at approximately US$679 million. Following the deal, Tether and affiliate iFinex will collectively hold about 72% of the company. Tether is also pushing to merge Twenty One with Strike, a Bitcoin payments company, and Elektron Energy, a mining business.
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