Tether acquires SoftBank's XXI stake
Analysis based on 14 articles · First reported May 20, 2026 · Last updated May 20, 2026
The acquisition by ERC>>> of SoftBank Group>>>'s stake in Twenty One Capital>>> is expected to positively impact Twenty One Capital>>>'s stock by streamlining its governance and reinforcing its Bitcoin-native strategy. This move also solidifies ERC>>>'s influence in the cryptocurrency market, potentially boosting investor confidence in its long-term vision for Bitcoin>>> infrastructure.
ERC>>> International has acquired SoftBank Group>>>'s entire stake in Twenty One Capital>>>, a public Bitcoin treasury company. This transaction, announced on May 20, 2026, gives ERC>>> uncontested control over Twenty One Capital>>> and removes SoftBank Group>>>'s representatives from its board. Twenty One Capital>>>, co-founded by Jack Mallers>>>, launched in December 2025 with over 43,500 BTC. ERC>>> and Bitfinex were major contributors, with SoftBank Group>>> holding a significant minority stake. ERC>>> CEO Paolo Ardoino>>> stated that SoftBank Group>>>'s involvement provided institutional depth, and ERC>>>'s conviction in Twenty One Capital>>> has deepened. The move reinforces ERC>>>'s massive Bitcoin>>> holdings and long-term bet on Bitcoin>>> infrastructure. ERC>>> has also proposed merging Twenty One Capital>>> with EITC>>> and Elektron Energy>>> to create an integrated Bitcoin>>> company spanning treasury accumulation, mining, lending, and financial services. This consolidation aims to accelerate Twenty One Capital>>>'s growth and operational milestones as Bitcoin>>> adoption deepens.
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