Tether has acquired SoftBank's entire equity stake in Bitcoin investment firm Twenty One Capital, becoming its controlling shareholder. This strategic move was announced on May 20, with Tether CEO Paolo Ardoino highlighting SoftBank's crucial role in the company's early development. Following the acquisition, SoftBank's board representative will step down as per the shareholder agreement. Ardoino expressed Tether's growing confidence in Twenty One Capital and its commitment to supporting the firm's Bitcoin-focused strategy. The acquisition marks a significant step for Tether as it aims to bolster its position in the Bitcoin investment landscape and drive the next phase of growth for Twenty One Capital.