Tether acquires SoftBank’s stake in Twenty One Capital as share price jumps 5%
The Block·
60-second summary
Tether is acquiring SoftBank's stake in Twenty One Capital, with SoftBank representatives stepping down from its board of directors. The deal's financial details remain undisclosed. Twenty One Capital's share price jumps 5% in response to the news, indicating a positive market sentiment towards the acquisition, which may boost Tether's influence in the digital assets space.
Tether has acquired SoftBank's stake in Twenty One Capital, with SoftBank's representatives stepping down from its board of directors.