Tether Tightens Grip on Bitcoin Treasury Firm Twenty One With SoftBank Buyout
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SoftBank has acquired Twenty One, a Bitcoin treasury firm co-founded by Tether, for nearly $1 billion. This significant investment cements Tether's control over Twenty One, further solidifying its influence in the Bitcoin ecosystem. The buyout underscores SoftBank's commitment to cryptocurrency investments, potentially paving the way for increased collaboration between the two entities in the market.
After dropping nearly $1 billion on the Bitcoin treasury firm co-founded by Tether, Japanese investment firm SoftBank has been bought out.