SoftBank Exits Tether-Backed Twenty One Capital After 84% Stock Plunge
— Protos
SoftBank exited Twenty One Capital after a significant stock price decline, handing control back to Tether.
SoftBank sold its stake in Tether-backed Bitcoin treasury firm Twenty One Capital following an 84% drop in the company's stock price.
- SoftBank transferred its Twenty One Capital stake to Tether.
- Twenty One Capital manages BTC treasury with Tether's backing.
- The stock has fallen 84% since its peak after the merger.
SoftBank's exit strengthens Tether's control amid steep stock decline, potentially impacting the firm's financial position and market perception.