Tether Strikes Bitcoin Juggernaut: SoftBank Exit Fuels Massive Crypto Power Play!

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Tether Tightens Grip on Twenty One Capital After SoftBank Exit

Key Highlights

  • Tether described Twenty One Capital as a strategic opportunity tied to the development of a publicly listed Bitcoin-focused company.
  • Paolo Ardoino said SoftBank helped strengthen XXI during its early formation stage through institutional expertise and strategic guidance.
  • SoftBank-appointed directors resigned from their positions following the transaction.

Tether, the issuer of the USDT stablecoin, has bought out Softbank’s share in Twenty One Capital (XXI), giving Tether full ownership of the Bitcoin investment firm.

Tether believes XXI is a key opportunity to build a new, publicly traded company directly on the Bitcoin network, as stated in their official announcement.

— Tether (@tether) May 20, 2026

Tether expands beyond stablecoins

Tether explained that buying XXI fits into its plan to grow beyond just stablecoins. Tether CEO Paolo Ardoino added that SoftBank’s investment gave XXI a level of institutional support rarely seen in new companies.

He explained that their support of leading tech companies gave XXI valuable experience and stability during its early stages. They helped build a company with a solid base, a clear direction, and big plans for the future. Tether remains confident in XXI and is excited to continue supporting its growth as it moves forward.

People from SoftBank shared their knowledge gained from investing in various industries like technology, infrastructure, finance, and communications. This deal means SoftBank no longer owns any part of Twenty One Capital, and its representatives have stepped down from the company’s board.

Tether leads seed funding round 

Sorted Wallet, a digital wallet focused on stablecoins, has secured $4.4 million in seed funding. This comes as stablecoin companies work to make using digital dollars more common for everyday purchases.

Movement Labs has secured $4.4 million in funding. The round was co-led by Tether and Gnosis, with additional investment from Angel Invest, RWA.io-affiliated investors, and a $1 million strategic investment from Vox Solutions, a telecom infrastructure company, to help integrate with mobile carriers.

I’m pleased to share that Tether has made a follow-on investment in Sorted. We initially supported them with $1.5 million in pre-seed funding back in September 2024, and we’re continuing to believe in their potential with this additional investment.

Further expectations from the acquisition

SoftBank, famous for its bold tech investments through its Vision Fund, is stepping back just as XXI appears to be gaining traction. Meanwhile, Tether is continuing to expand its involvement in Bitcoin, using its considerable resources and power within the industry.

This purchase highlights the growing relationship between traditional companies and the world of cryptocurrency. With Tether leading the way, it’s likely the company will focus on becoming a leading, publicly traded Bitcoin firm as it moves forward.

It’s still unclear how this recent change will affect XXI’s future work in this area.

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2026-05-20 19:18