Cybersecurity

SoftBank exits Tether-backed Twenty One after stock falls 84%

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SoftBank has exited its position in the bitcoin treasury firm Twenty One Capital by selling its stake to Tether following an 84 percent decline from the stock's peak value. This consolidation of control by the stablecoin issuer signals a deepening commitment to bitcoin-backed corporate treasuries despite significant market volatility and equity underperformance since the firm's public listing. Watch for how this increased centralization within Tether's ecosystem influences the competitive landscape for institutional bitcoin holdings and future Cantor Fitzgerald-affiliated ventures.

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