SoftBank has pulled out of Twenty One Capital, the investment firm known as XXI, while Tether has moved in the opposite direction by raising its ownership in the same company. The two moves, disclosed separately, signal a shift in the investor lineup behind the firm.
SoftBank's Departure
The Japanese conglomerate exited its position in Twenty One Capital entirely. No reason for the exit was given, and the company did not comment on the timing or terms of the divestment. SoftBank had been a notable backer of the firm, which focuses on digital asset and blockchain-related investments.
Tether's Expanding Role
Tether, the company behind the USDT stablecoin, has increased its stake in Twenty One Capital. The move adds to Tether's growing list of strategic holdings in the crypto and financial infrastructure space. The size of the increased stake was not disclosed, but the change in shareholding was recorded in recent filings.
What the Shift Means
The contrasting actions by two major players in the crypto world come at a time when Twenty One Capital itself has been expanding its footprint. With SoftBank out and Tether in deeper, the firm's direction could tilt more toward stablecoin and digital payment initiatives. Neither SoftBank nor Tether has publicly commented on the transactions beyond the official filings.
The changes in ownership leave Twenty One Capital with a revised investor base. Questions remain about whether other shareholders will adjust their positions or if the company will seek new backers. For now, the filings speak for themselves: one investor out, another in.
